A NEW WORRY FOR MARKETS: THE DEBT CEILING • PAGE 7

VOL. CIII NO. 3 JANUARY 16, 2023 $5.00

T HE 20 2 3 BA RRON’ S ROUND
ROUNDTA
TA BLE PA RT I

> AFTER DELUGE THE

PAGE 16
63142

Our panelists size up the world following a punishing year for investors. Plus, nine stock picks.
C O NT EN TS
P. 16
Barron’s Roundtable:
The Big-Picture View
Cover Story: Bullish or bearish,
our 10 panelists help make sense
of increasingly complicated market
dynamics. Plus: nine stock picks.
By LAUREN R. RUBLIN
P. 5
Up & Down Wall Street:
Debt-Ceiling Danger
The stock market’s winning week
disregards the risk posed by a
potential debt-ceiling standoff—a
threat that just got closer.
By BEN LEVISOHN
P. 9
Streetwise: Peltz Takes
Disney to Task
Activist Nelson Peltz gets a lot of
things right about what’s wrong
with Disney. But its biggest
problems won’t be so easy to fix.
By JACK HOUGH
P. 12
Who Carries the Most
Weight at the Fed?
From Chairman Jerome Powell on
down, here are the U.S. central
bank’s pivotal players, and how
they could sway rate policy.
By MEGAN CASSELLA
P. 15
Workers Are the Key
to Winning in IT
Sizing Up Small-Caps: Endava
has the workforce to help clients
optimize their tech—an attractive
niche, even in a recession.
By JACOB SONENSHINE
P. 62
Russia Is Holding Up
Under Oil Sanctions
Other Voices: Price discounts are
attracting Asian oil buyers, giving
Russia more than enough revenue
to weather Western sanctions.
By CHRISTOPHER WEAFER
01.16.23 VOL.CIII NO.3
P. 30 P. 36
Trader: Picking Stocks
Work Here? No, I Volunteer. for Any Market
Binance, the world’s largest cryptocurrency exchange, draws upon a team of unpaid A shaky outlook for stocks boosts
“Binance Angels” to promote its interests. Some employment experts say the program the appeal of quality companies
runs afoul of labor laws in the U.S. and abroad. By ROSALIND ADAMS with solid balance sheets and
strong management teams.
By AL ROOT
Androux Reabow,
former Binance Angel
P. 39
Euro Trader: A Winner
With Further to Run
Mining giant Glencore, one of last
year’s top-performing stocks, is a
bet on clean energy and China.
By CALLUM KEOWN
P. 39
Emerging Markets:
Lula’s Unsteady Path
Brazil’s stocks rose after the Jan. 8
riots. Here’s what comes next.
By CRAIG MELLOW
P. 40
Striking Price: Get
Paid While You Wait
Don’t be too hasty about jumping
back into stocks. Do this instead.
By STEVEN M. SEARS
P. 41
Commodities: Natural
Gas Is Cheap—for Now
Several factors are weighing on
A NEW WORRY FOR MARKETS: THE DEBT CEILING • PAGE 7
P. 33 P. 34 prices. But winter isn’t over yet.
VOL. CIII NO. 3 JANUARY 16, 2023 $5.00
Tech Trader: The Income: How to Play By MYRA P. SAEFONG
Crackdown Is Coming 10-Year Treasuries Now
The industry faces several legal A revival among longer-term Barron’s Roundtable
and regulatory challenges that Treasuries makes this a good time
on Fox Business
T HE 20 2 3 BA RRON’ S ROUNDTA BLE PA RT I
AFTER DELUGE THE
> PAGE 16
could mean big changes for to explore that part of the yield
63142
Our panelists size up the world following a punishing year for investors. Plus, nine stock picks.
Cover photograph by technology giants by year end. curve again, despite the risks. Watch our weekly show Saturday
Mackenzie Stroh
By ERIC J. SAVITZ By LAWRENCE C. STRAUSS or Sunday at 10 a.m. or 11:30 a.m.
ET. This week, see an interview
© 2023 Dow Jones & Company,
Inc. All Rights Reserved. P. 34 P. 35 with Roundtable member Abby
Joseph Cohen. Plus, get insights on
Funds: Where to Find Economy: Inflation
Photograph by Olivia Harris
Our newspapers are 100% sourced
from sustainable certified mills. tech from marketing professor and
BARRON’S (USPS 044-700) (ISSN
1077-8039) Published every
Value in Small-Caps Isn’t Conquered Yet entrepreneur Scott Galloway.
Monday. Editorial and Publication Foreign small-caps are especially There’s a long way to go before the
Headquarters: 1211 Avenue of
the Americas, New York, N.Y. attractive after last year’s selloff. Fed stops hiking rates and begins Index P. 4 Charting the Market P. 43
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January 16, 2023 BARRON’S 3

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The S&P 500, SPDRs®, and Select Sector SPDRs® are registered trademarks of Standard & Poor’s Financial Services LLC. and have been licensed for use. The stocks included in each Select Sector Index were selected by the compilation agent.
Their composition and weighting can be expected to differ to that in any similar indexes that are published by S&P. The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S.
stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. Investors cannot invest directly in an index.
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4 BARRON’S
I N D EX
Our index lists significant companies mentioned in stories and columns,
plus Research Reports, and Corrections & Amplifications. The references
are to the first page of the item in which the company is mentioned.
A ABB . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
Abcam . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
Admiral Group . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
Adobe . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
Akamai Technologies . . . . . . . . . . . . . . . . . . . . . . 42
Alphabet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,33
Amazon.com . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,33
AMC Entertainment Holdings . . . . . . . . . . . . . 10
American Airlines . . . . . . . . . . . . . . . . . . . . . . . . . . 43
Apple . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23,33
AutoNation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45
B BAE Systems . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
Bancolombia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
Bank of America . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Bayer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Bed Bath & Beyond . . . . . . . . . . . . . . . . . . . . . 10,43
Boeing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
Booking Holdings . . . . . . . . . . . . . . . . . . . . . . . . . . 20
Boston Scientific . . . . . . . . . . . . . . . . . . . . . . . . . . . 37
Build-A-Bear Workshop . . . . . . . . . . . . . . . . . . . . 42
C Canon . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Capital One Financial . . . . . . . . . . . . . . . . . . . . . . . 8
Charles Schwab . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Chevron . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
Citigroup . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Citizens Financial Group . . . . . . . . . . . . . . . . . . . 11
Clear Secure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27
Coinbase Global . . . . . . . . . . . . . . . . . . . . . . . . . 32,43
Colliers International Group . . . . . . . . . . . . . . . 25
Cutera . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45
CVS Health . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
D Direct Line Insurance Group . . . . . . . . . . . . . . 28
Discover Financial Services . . . . . . . . . . . . . . . . 11
Duolingo . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27
E Endava . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
Exact Sciences . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43
Expedia Group . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
Exxon Mobil . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,45
F Fastenal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Fifth Third Bancorp . . . . . . . . . . . . . . . . . . . . . . . 11
FirstService . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
Ford Motor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
G GameStop . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Genco Shipping & Trading . . . . . . . . . . . . . . . . . . 8
General Motors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
Glencore . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
Goldman Sachs Group . . . . . . . . . . . . . . . . . . . 10,11
Griffon . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42
GSK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
H Hertz Global Holdings . . . . . . . . . . . . . . . . . . . . . 10
Huntington Bancshares . . . . . . . . . . . . . . . . . . . . 11
I IBM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Illumina . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43
International Flavors & Fragrances . . . . . . . . 45
Intuitive Surgical . . . . . . . . . . . . . . . . . . . . . . . . . . 37
Invesco S&P 500 Pure Value . . . . . . . . . . . . . . . . 8
iRobot . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
January 16, 2023
For Customer Service, call 1 (800) 544-0422, or go to
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J J.B. Hunt Transport Services . . . . . . . . . . . . . . 11 L LG Electronics . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Martin Marietta Materials . . . . . . . . . . . . . . . . . 37
JPMorgan Chase . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Live Nation Entertainment . . . . . . . . . . . . . . . . 33 MFA Financial . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42
Livent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43 Microsoft . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23,33
Logitech International . . . . . . . . . . . . . . . . . . . . . 43 Moderna . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40
K KeyCorp . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Lyft . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 Morgan Stanley . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Kilroy Realty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Lululemon athletica . . . . . . . . . . . . . . . . . . . . . . . . 43 M&T Bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Kinder Morgan . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Kite Realty Group . . . . . . . . . . . . . . . . . . . . . . . . . . 8
M Marathon Digital . . . . . . . . . . . . . . . . . . . . . . . . . . 43 N Netflix . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,11,27
Northern Trust . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
O Oak Street Health . . . . . . . . . . . . . . . . . . . . . . . . . 10
P Pearson . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
PepsiCo . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42
PerkinElmer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
Pioneer Natural Resources . . . . . . . . . . . . . . . . . . 8
PNC Financial Services Group . . . . . . . . . . . . . 11
Rupert Murdoch Executive Chairman, News Corp Procter & Gamble . . . . . . . . . . . . . . . . . . . . . 9,11,42
Robert Thomson CEO, News Corp Almar Latour CEO, Dow Jones Prologis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
SENIOR VICE PRESIDENT, BARRON’S GROUP Mae M. Cheng
ASSOCIATE PUBLISHER, BARRON’S GROUP Dan Shar R RBC Bearings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
MANAGING EDITOR, BARRON’S GROUP Dave Pettit Regions Financial . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Rivian Automotive . . . . . . . . . . . . . . . . . . . . . . . . . 43
Roundhill Acquirers Deep Value . . . . . . . . . . . . 8
EDITOR IN CHIEF David Cho
EXECUTIVE EDITOR Bob Rose SENIOR MANAGING EDITOR Lauren R. Rublin S Salesforce . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
Alex Eule, Ben Levisohn
DEPUTY EDITORS
Samsung Electronics . . . . . . . . . . . . . . . . . . . . . . . 11
Schlumberger . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
EDITORIAL DIRECTOR, MAGAZINE Phil Roosevelt
ServiceNow . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
MANAGING EDITORS Kristen Bellstrom, Matt Bemer, Daren Fonda, Joe Woelfel Spirirt Realty Capital . . . . . . . . . . . . . . . . . . . . . . . 8
SpringWorks Therapeutics . . . . . . . . . . . . . . . . . 42
ASSISTANT MANAGING EDITORS Henry Cutter, Mel Gray, Anita Hamilton, Mary Romano, Standard Motor Products . . . . . . . . . . . . . . . . . . . 8
Robert Sabat, Rupert Steiner (London bureau chief) State Street . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
SVB Financial Group . . . . . . . . . . . . . . . . . . . . . . 11
ASSOCIATE EDITORS Andrew Bary, Randall W. Forsyth, Jack Hough, Reshma Kapadia, Eric J. Savitz
SENIOR WRITERS Bill Alpert, Megan Cassella, Lauren Foster, Nicholas Jasinski, Tae Kim, Joe Light,
T Taiwan Semiconductor Manufacturing . . . . . . 11
Elizabeth O’Brien, Al Root, Avi Salzman, Lawrence C. Strauss Telefonica Brasil . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
REPORTERS Rosalind Adams, Jacob Adelman, Janet H. Cho, Adam Clark, Emily Dattilo, Jack Denton, Tempur Sealy International . . . . . . . . . . . . . . . . 45
Catherine Dunn, Carleton English, Sabrina Escobar, Callum Keown, Evie Liu, Shaina Mishkin, Josh Nathan-Kazis,
Tenet Healthcare . . . . . . . . . . . . . . . . . . . . . . . . . . 37
Tesla . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36,43
Angela Palumbo, Teresa Rivas, Connor Smith, Jacob Sonenshine, Brian Swint, Karishma Vanjani Thermo Fisher Scientific . . . . . . . . . . . . . . . . . . . 26
STORY EDITORS Ed Lin, Erin McCarthy, Patrick O’Donnell, Stacy Ozol, Neal Templin, J.J. Thompson TIM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
T-Mobile US . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
COPY DESK Michael J. Burlingham, Richard Rescigno, Robert Teitelman Truist Financial . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
IDEAS EDITOR Matt Peterson
DEPUTY DIGITAL MANAGING EDITOR Zoe Szathmary U Uber Technologies . . . . . . . . . . . . . . . . . . . . . . . . . 33
United Airlines Holdings . . . . . . . . . . . . . . . . . 8,11
SENIOR AUDIO MANAGER Mette Lützhøft DIGITAL PRODUCERS Robert Cushing, Nick Devor, Clare McKeen
Kristin Lenz DESIGN DIRECTOR Chelsea Schiff
DIRECTOR, DESIGN & VISUALS
V Virgin Galactic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43
ART DIRECTORS Lynne Carty, Robert Connolly, Nick Hallam, Sue Ng
DIRECTOR OF PHOTOGRAPHY Sarina Finkelstein PHOTO EDITORS Alis Atwell, Halie Chavez, Nicole Silver
W Walt Disney . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,10,42
RESEARCH DIRECTOR Pauline Yuelys RESEARCHER Dan Lam Wells Fargo . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
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6 BARRON’S January 16, 2023
 January 16, 2023
UP & D OWN WALL STREET
Just When You Were
Relaxing, Here Comes
The Debt Ceiling
I
t’s always fun until the bill
comes due—and the bill al-
ways comes due. In fact, it’s
coming due right about now.
On Friday, Treasury Secre-
tary Janet Yellen warned Con-
gress that the U.S. would hit its
debt ceiling this coming Thursday, ear-
lier than many had expected. That
doesn’t mean the government will be
forced to stop paying its bills then—Yel-
len believes that the Treasury has
enough cash and other ways to raise
money to last it until early June—but it
does mean that an issue that was still
purely theoretical has become far more
pressing as the X date approaches.
You wouldn’t know it from the stock
market’s reaction. The S&P 500 was
down about 0.2% at the time of the
announcement Friday and finished the
day up 0.4%. Maybe that makes sense.
The market does have a lot on its mind,
after all, from economic data to earn-
ings to Federal Reserve speakers, all
matters that seem far more pressing at
the moment.
The battle against inflation is likely
the most pressing—and the reason the
S&P 500 finished up 2.7% this past
week. The consumer price index fell to
6.5% in December, from 7.1% in No-
vember, while core CPI dipped to 5.7%
Brendan Smialowski/AFP/Getty Images
from 6%. Recession fears also ratch-
eted down a notch on Friday, when the
University of Michigan Consumer Sen-
timent Survey came in much stronger
than expected.
The two, of course, are linked. “De-
spite broad concerns that the economy
will fall into a recession in the coming
quarters, consumer attitudes are im-
proving, mostly because it looks like
BARRON’S
the peak of inflation is now in the
rearview mirror,” writes Jefferies econ-
omist Thomas Simons.
News like that—as well as very bear-
ish positioning heading into 2023—
helped the stock market ignore Yellen’s
announcement. Still, there’s a good
chance the debt ceiling, which cur-
rently sits around $31.4 trillion, be-
By Ben Levisohn comes a bigger concern. In a strange
quirk, Congress can approve all the
spending it wants, but it also needs to
approve the total amount of debt the
U.S. can hold. That was once consid-
ered a nonissue. The ceiling would be
reached, Congress would raise it, and
everyone would go on their merry way.
But that changed in 2011, when Repub-
licans, who had regained control of
Treasury Secretary Janet Yellen warned Congress that the U.S. would hit its debt ceiling this coming week.
If the U.S. is forced to miss payments on its debt
or halt spending, it would result in more credit-
rating downgrades—and more economic pain.
Congress, threatened not to do so. It
resulted in Standard & Poor’s cutting
the U.S.’s credit rating on Aug. 8, caus-
ing the S&P 500 to fall 6.6%.
The stakes might be higher this
time. Not only is Congress divided,
with the Democrats controlling the
Senate and Republicans the House,
notes Michael Gapen, chief U.S. econo-
mist at Bank of America, but the deal
Kevin McCarthy made to become
Speaker of the House ceded enough
power to a small group of legislators to
make the issue even more difficult.
The repercussions could also be
more severe, particularly if the U.S. is
forced to miss payments on its debt or
halt spending, perhaps even on Social
Security. These would all count as
defaults and result in more credit-rat-
ing downgrades—and more economic
pain. “The bottom line is that passing
the X date could bring substantial
economic pain,” Gapen writes. “It is
not part of our baseline outlook at
present, but we think fiscal brink-
manship has returned.”
That’s unfortunate. The national
debt is a real problem, one that de-
serves serious consideration, not the
gamesmanship of a debt-ceiling stand-
off. President Joe Biden’s 2023 budget
calls for a $1.2 trillion deficit, a shortfall
that is far smaller than 2020’s record
7
Covid-induced $3.1 trillion, but still
larger than 2019’s $984 billion. The
national debt is now 120% of gross
domestic product, up from 106% in
2019. Those deficits haven’t yet been a
problem for the U.S., but markets have
started losing patience with other
countries. The United Kingdom, for
example, was forced to pull back on a
fiscal-spending plan after the bond
market rebelled.
Running large deficits will also
make the fight against inflation more
painful, argues Société Générale’s Solo-
mon Tadesse. Less deficit spending
would make it easier for the Fed to do
its job. Without it, it will fall into a cycle
of overtightening and balance-sheet
reduction, followed by rate cuts and
more quantitative easing, which will
only spur more inflation and force the
“vicious circle” to start again, he says:
“For markets, brute-force monetary
tightening without concomitant fiscal
discipline that significantly slashes
budget deficits and debt financing may
only provide a temporary reprieve, if
any at all.”
The national debt also makes it
more difficult for the Fed to do its job.
Barry Bannister, chief equity strategist
at Stifel, notes that higher yields would
make paying interest on the national
debt untenable, forcing the Fed ulti-
mately to cap yields, similar to what it
did during and after World War II.
This yield-curve control would keep
the debt manageable, but it would be
bad news for stocks because it would
ultimately lead to higher inflation and
lower valuations. Bannister expects the
S&P 500’s P/E ratio to be halved from
its 2021 peak by 2030, even as earnings
per share double. That would leave the
S&P about even with its 2021 level at
the end of the decade.
That, of course, says nothing about
the current rally, which he thinks has
further to run in what he calls a
“rangebound secular bear market.”
Enjoy it while it lasts.
E
veryone loves a bargain, but
when a bargain looks too
good to be true, people shy
away. Don’t do that with
“deep-value” stocks, which look like
real deals right now.
8 BARRON’S
Up & Down Wall Street (continued)
Value, of course, is in the eye of the be-
A CUSTOM EVENT holder. Generally, it means cheap stocks.
Some investors look for companies that
trade at a discount to their perceived “in-
trinsic value,” even if they’re more expen-
sive than the market. Others use “relative
value”—comparing a stock to other
stocks—to make their calls, while still oth-
THE CRYPTO INVESTOR SERIES ers look solely at valuation metrics, such
as price/earnings, price/sales, and price/
Crypto Investing: There’s a book ratios to make their picks. The latter
are known as deep-value investors.
While value had a great year in 2022,
Spring After Every Winter deep value did not. The S&P 500 Value
index declined just 5.2% last year, far bet-
ter than the S&P 500’s 18% drop. The In-
vesco S&P 500 Pure Value exchange-
Thursday, February 16 traded fund (ticker: RPV), whose portfolio
has no growth stocks, did even better, de-
3:00 - 3:50 p.m. ET clining a mere 1.3%. The Roundhill Ac-
quirers Deep Value ETF (DEEP), though
not a perfect comparison because of its
Join the fourth and final installment small- and mid-cap bent, dropped 18%.
Deep value’s 2022 underperformance—
of our webinar series co-hosted by in a year when value stocks outpaced the
Grayscale and Barron’s Group. We’ll S&P 500—was an anomaly. In 2000, for
instance, the S&P 500 Value index out-
discuss why investors remain bullish performed the S&P 500 by 15 percentage
points, and deep value outpaced “shal-
on the long-term viability of the digital low” value—the next 150 cheapest stocks
asset ecosystem. after deep value in the S&P 500—by
nearly 18 percentage points, according to
GMO, an investment firm co-founded by
investor Jeremy Grantham. GMO modi-
fies some of the accounting metrics to get
what it sees as a more accurate read on
valuation.
Deep value outperformed shallow value
by 4.7 points or more in 1993, 1983, 1988,
and 2016, the next best years for value per-
formance. Deep, however, trailed shallow by
five points in 2022. “It’s weird,” says Ben
Inker, co-head of asset allocation at GMO.
“We would have expected it to win by a
great deal.” Inker has a theory about what’s
behind the disappointing showing. In 2000,
he says, investors fell out of love with
growth stocks and in love with value, and
they put their dollars to work in a big way
Register Now by buying the market’s cheapest shares.
Not so in 2022. Investors might have
fallen out of love with growth, particularly
BARRONS.COM/GRAYSCALESERIES those stocks that benefited most from the
Fear of Missing Out, but they didn’t be-
come enraptured with anything else.
“There was revulsion for everything
FOMO, but with the exception of energy
stocks, nothing really got the love,” Inker
says.
This is a custom event created by Barron’s Custom Studio, a commercial department Deep value’s underperformance, how-
at Barron’s. The Barron’s newsroom was not involved in the production of this event. ever, may be ready to turn into outperfor-
mance. Inker notes that while the most
January 16, 2023
expensive stocks are still expensive—
they’re in the mid-80s percentile of their
historical range going back to 1983—and
shallow value has gotten expensive too, the
market’s cheapest stocks are trading in the
sixth percentile, relative to history. “Deep
value is very cheap,” Inker says.
Many of the market’s cheapest stocks,
particularly those that got hit hard in 2022,
have already started running this year.
Capital One Financial (COF), which
trades at just 6.4 times 12-month forward
earnings, has rallied 8.7% in 2023, while
General Motors (GM), which changes
hands at 6.5 times, has climbed 14%, and
United Airlines Holdings (UAL), which
trades at 6.7 times, has surged 36%.
But just because a stock is cheap doesn’t
mean it’s worth owning. A low multiple
can signal something relatively benign—
the market’s belief that a company’s earn-
ings have peaked, for instance—but it can
also be a sign that a company is in finan-
cial distress, in a business that is being
disrupted, or has too much debt. That ex-
plains why so many deep-value investors
do deep dives into the numbers they use,
particularly earnings, and look for signs
that a company isn’t a value trap. “You
have to be careful when running deep-
value screens,” says Chris Senyek, chief
investment strategist at Wolfe Research.
And that’s where it gets complicated.
Senyek looks for companies that have an
earnings yield—the inverse of a price/earn-
ings ratio—that’s double the interest rate on
a AAA-rated bond, a dividend yield that’s
two-thirds that of the bond, and a total
debt/tangible book value ratio that’s less
than 1. (He also excludes financials.) “We
like [this screen] because they’re cheap, not
levered, and have some dividend yield, and
that’s kind of nice,” he says.
Senyek’s value screen includes energy
companies like Exxon Mobil (XOM),
Chevron (CVX), and Pioneer Natural
Resources (PXD), auto makers like Ford
Motor (F) and General Motors, and real
estate companies like Spirit Realty Capi-
tal (SRC), Kite Realty Group Trust
(KRG), and Kilroy Realty (KRC). It also
includes two picks that Barron’s made last
year, picks that didn’t work out all that
well: Standard Motor Products (SMP)
and Genco Shipping & Trading (GNK).
Both dropped around 26%. That, unfortu-
nately, is the risk that comes with being a
value investor.
Sometimes, it just takes a while for the
market to see the value that we do. B
email: ben.levisohn@barrons.com
January 16, 2023
ST R E E T W I S E
Peltz Offers Disney a
Critique, Not a Plan.
Still, Most of It Is Fair.
“G
reat
news:
Nelson
Peltz
made a
slide
deck
about me,” said no CEO ever. But
maybe Walt Disney’s Bob Iger had
mixed feelings about the 35-pager that
dropped this past week.
One one hand, it says that he
squandered billions on the 2019 Fox
deal; that he botched succession plan-
ning; that current streaming costs are
bloated; that Disney parks are squeez-
ing visitors and workers; and that
Iger’s past pay was “over the top.”
On the other hand, Peltz wants Iger
to stay; some of the above stuff can be
pinned on departed CEO Bob Chapek;
activist interest provides cover for cost
cuts; and the 3.6% lift Peltz gave Dis-
ney stock on Thursday accrues to
Iger’s record.
Unfortunately, Peltz PowerPoint
roasts don’t work cumulatively—a cou-
ple of dozen more won’t get Disney
(ticker: DIS) stock back from its recent
$100 to its March 2021 high of $203.
That could require a delicate, industry-
wide shift in spending and pricing. For
media stocks to start working again,
streaming probably has to become a
worse deal for customers.
Peltz, for those unfamiliar with him,
is the son of a lower Manhattan food
distributor, which helps explain his
turnaround taste: His deals include
Wendy’s, Heinz, Danone, PepsiCo, and
Domino’s Pizza. He snatched Snapple
from Quaker Oats in 1997 for $300
million, and flipped it to Cadbury
BARRON’S
As Peltz puts it, Disney has spent $162 billion since
2018 on deals, content, and capital investments,
and the result is a halving of earnings per share.
office run for the ages, and endless
merchandise and theme park tie-ins.
His more recent purchase of film and
television assets from Fox for $53 bil-
lion, net of acquired cash and resulting
divestitures, is looking less successful.
Peltz argues that Disney’s adjusted
show-business earnings should have
climbed from $9.4 billion before the
Fox deal to $13.3 billion with promised
synergies, but have instead fallen to
$3.1 billion, or $7.1 billion not counting
streaming losses. “Is there a large Fox
write-down on the horizon?” his re-
port asks. Debt is up, the dividend is
Schweppes three yearsSti later for $1.5 gone, and the stock has stunk. As
billion. In 2005, he co-founded Trian Peltz puts it, Disney has spent $162
Partners to buy stakes in bigger com- billion since 2018 on deals, content,
panies, including in nongastronomical and capital investments, and the result
industries. From 2016 to last year, he is a halving of earnings per share.
bought into Procter & Gamble (PG), Only most of this is fair. Disney’s
muscled his way onto the board, col- pricey push into streaming was forced
laborated on streamlining, parted on by the rise of Netflix (NFLX) and re-
friendly terms, and sold at a profit. sulting declines in cable television sub-
By Jack Hough One Peltz approach is to make a scriptions. When Netflix’s stock mar-
slide deck, show it to management, ask ket value overtook Disney’s, it was
for a board seat, and, based on the re- clear investors valued new streaming
sponse, decide whether to make his customers over cash flows. So Disney
slides public. The Disney ones say responded, and investors cheered.
Trian spoke with Chapek in November Then rates rose, and investor prefer-
and asked for a seat. Chapek was ence flipped. By then, more companies
ousted later that month and Trian was had piled into streaming, leading to
turned down, in its telling, “after one cut-rate pricing and a content war.
short call with management” and Now companies are raising prices,
“without hearing us out.” adding commercials, or both, while
The rest of the deck, titled “Restor- cutting production budgets, especially
ing the Magic,” is mostly history, with since box-office sales haven’t recovered
some important current grievances, from the pandemic. Peltz writes that
but not much by way of a plan. Disney took a “ready, fire, aim” ap-
Among Iger’s many Disney achieve- proach to streaming, taking it from a
ments were three acquisitions—Marvel niche to the center of content distribu-
in 2009 for $4 billion, Pixar in 2006 tion too quickly. Maybe so, but that’s
for $7.4 billion, and Lucasfilm in 2012 what investors insisted they wanted.
for $4.1 billion—that spawned a box Peltz points out that Netflix, which
BARRONS.COM/PODCASTS
Barron’s Streetwise
In a weekly podcast by Barron’s, columnist Jack Hough looks
at the companies, people, and trends you should be watching.
This is Wall Street like you’ve never heard before. Subscribe
to Barron’s Streetwise on Spotify, Apple Podcasts,
or your favorite listening app.
9
generates more streaming revenue
than Disney, has lower noncontent
expenses, resulting in better stream-
ing margins, a sign Disney “lacks cost
discipline.” Disney+ will no doubt
factor prominently in what Iger has
promised will be a “hard look” at
costs. But it’s worth recalling that the
service has been live for just over
three years, whereas Netflix has been
streaming since 2007.
I’m with Peltz on parks, where he
says Disney is “overearning” to make
up for streaming losses. During a fam-
ily trip to Disney World in August,
costs and hassles were way up, and fun
seemed down, compared with trips
before the pandemic. But part of that
judgment is fraught with bias. Saturday
Night Live producer Lorne Michaels
has said that when people tell him the
show peaked in this or that decade,
what they’re really saying is that’s
when they were young. I don’t want to
be one of those cranks who mistakes
his kids growing older for the parks
going downhill, and pooh-poohs the
experience for young families.
Chapek said last year that customer
satisfaction scores were still riding
high. Since Iger’s return, Disney has
gradually reversed some top annoy-
ances—restoring free parking for Dis-
ney World hotel guests, for example.
The problem with Disney stock is
that although its price has been cut in
half, it doesn’t seem egregiously
cheap. Free cash flow is pegged at a
depressed $4.6 billion this fiscal year
ending September. The market value
is close to 40 times that figure. Con-
sensus estimates have free cash flow
rebounding to $10.1 billion by the fis-
cal year ending September 2025,
which works to a multiple of 18. But
the S&P 500 trades at 18 times nearer
free cash flow—next year’s consensus.
Ultimately, whether Peltz gets his
board seat or not, Disney appears
likely to rein in costs. But what it and
streaming rivals will need long term is
to figure out how to charge more for
less, without chasing off subscribers
who’ve never had more entertainment
choices, or a simpler time switching
among them. No easy task. B
email: jack.hough@barrons.com
10 BARRON’S January 16, 2023

R E VIEW 34,302.61
Dow Industrials: + 672.00
485.75
Dow Global Index: + 16.05
3.51%
10-year Treasury Note: - 0.06

Inflation Relief HE SAID

Stocks opened mixed, then rallied.
The World Bank slashed its growth “While Disney
forecast for 2023, Wells Fargo said it
was shrinking its mortgage business, faces a rapidly
and Goldman Sachs laid off some
3,000 workers. The consumer price evolving media
index fell again, to 6.5%, stirring
hopes of a smaller rate hike. Earnings environment...
season began with the big banks. JP-
Morgan Chase, Bank of America,
we believe the
and Citigroup beat, but forecasts
disappointed; Wells missed. On the
current problems
week, the Dow industrials were up 2%
to 34,302.61; the S&P 500 rose 2.67%
are largely
to 3999.09; and the Nasdaq Composite
soared 4.82% to 11079.16.
self-inflicted.”
Trian Fund Management’s Nelson Peltz
RETURN OF MEME MANIA Insurrection in Brazil
Thousands of supporters of former

Bed Bath & THE NUMBERS

Brazilian President Jair Bolsonaro at-
tacked Congress, the Supreme Court,
and the presidential palace in Brasília,

Bankruptcy
What were shareholders thinking? Shares of retailer Bed
Bath & Beyond zoomed 179%, to $3.49 this past week,
despite the retailer warning of a possible bankruptcy.
One explanation: Meme stock mania is back. Stocks
like AMC Entertainment and GameStop rose 31% and
24%, respectively, this past week. Investors may hope for
a repeat of Hertz Global Holdings, which saw its stock
34 M
Barrels of diesel and heating oil
in reserve on the U.S. East
Coast, ending fears of short-
ages this winter.
1.6 M
Number of inbound containers
claiming, in an echo of the U.S. Capitol
insurrection, that the election had been
stolen and calling for a military coup.
Security forces cleared the buildings,
President Lula promised to prosecute
“financiers of these vandals,” and au-
thorities detained over 1,200 people,
including senior security officers. Bol-
sonaro was in Florida, where he re-
jected responsibility for the attack.

surge as it neared bankruptcy in May 2020, helping to
put Reddit’s WallStreetBets forum on the map. Hertz was
a rare case of shareholders of a bankrupt company get-
ting rewarded, as cash problems spurred by pandemic
lockdowns gave way to surging demand in 2021.
S3 Partners managing director Ihor Dusaniwsky told
Barron’s that Bed Bath’s short interest was 52% of the float.
Institutional shareholders have fled, he noted, leaving
individual ones. He hadn’t seen signs of a short squeeze,
when short sellers drive up a stock price as they exit.
to the U.S. in December, down
1.2% from November and the
lowest since June 2020.
$165 B
Damage costs from extreme
weather last year.
McCarthy’s House
Kevin McCarthy won the House speak-
ership on the 15th vote after six hold-
outs voted “present.” To win the vote,
McCarthy agreed to give away much of
the speaker’s powers to rank-and-file
Republicans. By the end of the week,
Treasury Secretary Janet Yellen
warned that the federal government
would begin “extraordinary measures”
to avoid breaching the debt limit. Sepa-
FAA Failure
A key Federal Aviation Administration
pilot notification system failed late on
Tuesday night, temporarily halting do-
mestic flights. The culprit appeared to be
human error, not a cyberattack.
Annals of Deal Making
Trian’s Nelson Peltz launched a proxy
fight for a Walt Disney board seat...Ali-
baba founder Jack Ma ceded control of
Ant Group to 10 individuals. Ma will

$63 B

Illustration by Elias Stein; Calla Kessler/Bloomberg

“The crucial difference between BBBY and other crowded
shorts is that there’s a definite threat of bankruptcy, which
could embolden shorts to hold on to their positions, incur
some temporary losses, and wait out this rally in anticipa-
tion of a $0.00 stock price in bankruptcy,” he wrote.
On WallStreetBets on Wednesday, a front-page post
showed an abandoned storefront with a dead opossum.
“Opossums are notorious for acting like they are dead
when they are really not,” wrote the user. “Bullish.”
Shares sank on Friday as Bloomberg reported that Bed
Bath was talking to bankruptcy lenders. A spokesperson
said the company doesn’t comment on “speculation of
this nature” and is evaluating options. — Connor Smith
The combined interest income
of JPMorgan Chase, Bank of
America, Citigroup, and Wells
Fargo in the fourth quarter.
To get Numbers by Barron’s
daily, sign up wherever
you listen to podcasts or at
Barrons.com/podcasts
rately, Attorney General Merrick Gar-
land named a special counsel to look
into classified documents found in
President Biden’s home and office.
General Reshuffle
Russia replaced its top general in
Ukraine, Sergei Surovikin, after three
months, with its highest-ranking offi-
cer, Valery Gerasimov. Ukraine and
Russia continued with intense fighting
around the town of Soledar. The U.K.
may provide heavy tanks to Ukraine.
retain his economic interest…Bloomberg
reported that CVS Health was exploring
a deal to buy Oak Street Health, a pri-
mary-care provider, for as much as $10
billion, including debt, and that T-Mo-
bile US was considering a deal for Mint
Mobile…The bankruptcy watch on Bed
Bath & Beyond continued as it reported
burning $300 million in cash in the
quarter and announced job cuts…Activist
Jeff Ubben took a $442 million stake in
Bayer, which has struggled since its $63
billion 2016 acquisition of Monsanto.
 January 16, 2023 BARRON’S 11

P R EV IEW Wednesday The BLS releases the producer price index for Sign up for the Review &
December. Consensus estimate is for the PPI Preview daily newsletter at
to rise 6.8% and core PPI to increase 5.4%, a moderation from November. Barrons.com/reviewpreview

Monday 1/16 Index for January. The consensus call

is for a 31 reading, even with the De-
Equity and fixed-income markets cember figure, which was the lowest
are closed in observance of Martin since the onset of the pandemic.
Luther King Jr. Day.

Thursday 1/19
Tuesday 1/17
Fastenal, Fifth Third Bancorp, Key-
Citizens Financial Group, Goldman Corp, M&T Bank, Netflix, Northern
Sachs Group, Morgan Stanley, and Trust, Procter & Gamble, SVB Fi-
United Airlines Holdings report nancial Group, and Truist Financial
quarterly results. hold conference calls to discuss quar-
terly results.
Monster Beverage hosts a virtual
investor day. The Census Bureau reports residen-
tial construction statistics for Decem-
ber. Housing starts are expected at a
SAMSUNG TAKES NO. 1 Wednesday 1/18 seasonally adjusted annual rate of 1.35
million, 77,000 less than in Novem-

IBM Loses Its

Patent Factories Charles Schwab, Discover Finan- ber. The 1.35 million would be the low-
With the exception of Toyota, the cial Services, J.B. Hunt Transport est total since June of 2020.
largest patent-generating companies Services, Kinder Morgan, PNC Fi-
operate in electronics. nancial Services Group, and Prolo-

Patent Perch Top 10 Companies Awarded

U.S. Patents, 2022
0 3,000 6,000
gis release earnings.

The Bank of Japan announces its

monetary-policy decision. Traders are
Friday 1/20
Huntington Bancshares, Regions
Financial, Schlumberger, and State
In a year when the U.S. issued the smallest number of Samsung pricing in a 25% chance that the cen- Street announce earnings.
patents since 2018, Korean electronics giant Samsung IBM tral bank will hike its key interest by
Electronics nosed past IBM with the most new patents, 10 basis points, to zero from negative The National Association of Real-
Taiwan Semi
the first time in 29 years that IBM failed to come in at No. 1. 0.1%, the level at which it has re- tors reports existing-home sales for
Working with data from the U.S. Patent and Trademark Huawei Tech mained since early 2016. In December, December. Consensus estimate is for a
Office, research firm IFI Claims Patent Services found that Canon the BOJ surprised the bond market by seasonally adjusted annual rate of 3.98
patent grants last year fell just over 1%, to 327,321, following raising the cap on 10-year government million homes sold, about 100,000
LG Electronics
a 7% decline in 2021. That’s no reflection of reduced innova- bond yields. The yen has rallied about less than in November.
tion: IFI says the number of patent applications rose 2% to a Qualcomm 15% against the U.S. dollar in the past
record 417,922, the fifth straight year of increases. IFI CEO Intel
three months as the last dovish major
Mike Baycroft notes that the backlog of unprocessed applica- central bank is signaling it might fi- Coming Earnings Consensus Estimate Year Ago
tions has grown from a historical average around 400,000 Apple nally tighten monetary policy. T
or 500,000 to more than 700,000. He suspects that reflects Toyota Motor Goldman Sachs (Q4) $5.73 $10.80
Morgan Stanley (Q4) $1.28 2.08
slowing patent review during the pandemic. Source: IF Claims Patent Services The Federal Reserve releases the
United Airlines (Q4) 2.12 -1.60
More than half of the companies on IFI’s list are from beige book for the first of eight times W
outside the U.S.— five of the top six are Asian electronics this year. The report summarizes cur- Charles Schwab (Q4) 1.10 0.86

makers. Samsung received 6,248 patents, down 2% from a Dethroned rent economic conditions through Discover Financial (Q4)
J.B. Hunt (Q4)
3.65
2.47
3.64
2.28
year earlier. IBM won 4,398, off 49% from 2021. IBM noted Samsung won the 2022 patent race anecdotal evidence gathered by the 12 PNC Financial (Q4) 3.96 2.86
that its reduced number was by design, as it focused re- after IBM saw its numbers fall by 49%. regional Federal Reserve banks. More earnings on page 59.

search on key areas such as artificial intelligence, cloud com- Consensus Estimate
Patent Awards
puting, security, semiconductors, and quantum computing. The Census Bureau reports retail Day Consensus Est. Last Period

Following IBM are contract chip manufacturer Tai- Samsung IBM sales data for December. Economists W December PPI 0.00% 0.30%
December Retail Sales -0.80% -0.60%
wan Semiconductor Manufacturing, China’s network- forecast retail spending to decline December Capacity Utilization 79.6% 79.7%
10,000
ing infrastructure company Huawei Technologies, Japan’s 0.6% month over month, matching the
Illustration by Elias Stein

December Industrial Production -0.05% -0.20%

printer company Canon, and Korea’s consumer electron- November figure. Excluding autos, November Business Inventories 0.40% 0.30%

ics company LG Electronics. U.S. companies accounted 5,000 sales are seen dropping 0.4% com- Th December Housing Starts 1,350,000 1,427,000
F December Existing Home Sales 3,950,000 4,090,000
for 44% of patents issued, 142,703 in all, down from 46% pared to a 0.2% fall previously. Unless otherwise indicated, times are Eastern. a=Advanced;
in 2021. Japan ranked second, with 46,504, while China 0 f=Final; p=Preliminary; r=Revised Source: FactSet

was third, with 24,538. China’s total was up 19% from 2017 ’18 ’19 ’20 ’21 ’22 The National Association of Home For more information about coming economic reports
- and what they mean - go to Barron’s free Economic
2021. — Eric J. Savitz Source: IF Claims Patent Services Builders releases its Housing Market Calendar at www.barrons.com
12 BARRON’S
Open Market Committee has a voice—
if not always a vote—and anyone who
THE
uses it publicly has the potential to
move markets and change the finan-
cial weather.
The central bank’s onslaught of
communiqués has a purpose: Fed
speeches are meant to share its think-
BARRON’S
ing with the public, certainly, but also
to shape market expectations and en-
courage economic actors to take steps
that will support its policy aims.
“In some ways, [Fed members]
view it as one of their most powerful
policy tools—which is why they com-
GUIDE
municate so often,” says Ed Yardeni,
a former Fed official and investment
strategist who founded Yardeni
Research.
The current volume of public com-
mentary is a relatively new phenome-
TO WHO’S
non, one that has grown as one chair
after the next has worked to increase
transparency. Powell has taken a
“more is more” approach to communi-
cations, and raised the bar in 2019
when he committed to holding a news
WHO AT
conference after each of the Fed’s eight
annual policy meetings, twice as many
as his recent predecessors held.
The new flow of information came
just in time for the pandemic and the
perplexing, inflation-ridden recovery
that followed. Last year, after decades
THE FED
of relatively modest moves, the Fed
began hiking interest rates at levels
not seen since 1994, thrusting the cen-
tral bank into the spotlight and turn-
ing even average Americans into anx-
ious Fed watchers.
Reading the bank’s tea leaves is
likely to get even trickier in the com-
The central bank’s monetary policy-making committee has 19 members— ing months, as the bank approaches
but some are more influential than others an inflection point, with officials
debating whether and when to pause,
or even reverse, its march toward
higher rates. The path forward is
BY MEGAN CASSELLA both delicate and uncharted: There is
no agreed-upon road map for how to
cool labor demand and inflation with-
out driving up unemployment or trig-
gering a recession. And given that
F
one former Fed official told Barron’s
or close watchers of conflicting—take. Given the Fed’s un- that the committee has sometimes
the Federal Reserve, matched sway over the economy, it’s been described internally as unable
trying to make sense of tempting to view it as a single-minded to “agree on the color of an orange,”
the flood of speeches, force. But in reality, the bank isn’t a that’s likely to mean policy disagree-
interviews, and other monolith. Rather, it’s an organization ments, some of which will undoubt-
remarks emerging where policy is shaped by a group of edly be aired in public.
from the central bank 19 very human individuals, and it’s “We are going to have an emerg-
in any given week can feel akin to a structured in a way that encourages ing debate around how far is far
game of Whac-A-Mole. You’ve just its power dynamics to shift from year enough,” says Ellen Meade, an econo-
begun to digest one official’s commen- to year. Chairman Jerome Powell may mist who spent 25 years at the Fed
tary when up pops another one to be first among equals, but each of before joining Duke University’s eco-
offer a different—and sometimes those 19 participants on the Federal nomics department in July. “As the
January 16, 2023
landscape changes over time, that
strong consensus you have right now
will start to fray a little bit, because
people begin to see the risks some-
what differently.”
Already, minutes from the Fed’s
most recent meetings suggest that
some participants are beginning to
warn that the central bank may be
going too far, while others still see
plenty of room to run.
Thursday provided a preview of
what such disagreement can look
like, when Philadelphia Fed President
Patrick Harker kicked off the day
suggesting that the bank was open to
slowing the pace of rate hikes. Hours
later, St. Louis Fed President James
Bullard swung in the opposite direc-
tion, saying he believed that the Fed
should push to reach its peak rate
“as soon as possible.”
When differences of opinion sur-
face, it’s usually the markets that bear
the brunt, critics say. “Every time they
speak, the markets move on it, and
they create gyrations during the day,”
says Claudia Sahm, a former Fed offi-
cial and the founder of Sahm Consult-
ing. “That’s really disruptive. Finan-
cial markets are in a fragile place.
There’s a lot of uncertainty in the
world. The Fed does not need to inject
more uncertainty—but that’s what
they’re doing.”
But as long as Fed officials continue
to speak their minds, knowing how to
make sense of their sometimes mixed
messages is vital for investors trying
to understand where monetary policy
is headed. The key, insiders say, is to
learn whose words carry the most
weight, and whose can be more read-
ily discounted. That means under-
standing the intricacies of how the
bank operates, the histories and
expertise of various officials, and the
relationships that carry influence
behind the scenes.
To assemble a guide to navigating
the bank’s public communications,
Barron’s spoke to former Fed officials,
economists, and Wall Street analysts
who closely track the central bank.
We also reached out to the Fed,
which pointed us toward Powell’s
long history of committing to open
communication.
“I, frankly, think it’s our obligation
to be as transparent and explain our-
selves as clearly as possible because
what we do affects all Americans,”
Powell said in a 60 Minutes interview
in 2019. “And any American who
wants to understand what we do
January 16, 2023 BARRON’S 13
14
should be able to do so straight-
forwardly.”
The Troika
No surprise: If you listen to only one
person at the Fed, make it Jerome
Powell. First appointed chairman in
2018, and expected to serve until May
2026, he’s not only the chief spokes-
person for the policy-making commit-
tee but also the one responsible for
creating agreement.
His public speeches and post-
meeting news conferences are para-
mount in any ranking of Fed commu-
nications, and are closely analyzed.
Powell will at times share his per-
sonal views—with a disclaimer—
though he more often is looking to
communicate the consensus opinion.
“It’s important to know where the
center of the committee is, and obvi-
ously, Jay Powell is the very definition
of the center,” says Joseph Gagnon, a
macroeconomist and senior fellow
with the Peterson Institute for Inter-
national Economics who spent more
than two decades at the Fed.
Powell is a lawyer by training, and
his lack of a formal economics back-
ground is part of what some former
Fed officials say has fueled his close
relationship with Lael Brainard, vice
chair of the Board of Governors and
perhaps the next most influential
voice.
A Harvard University–trained
Ph.D. economist, Brainard has tradi-
tionally been on the more dovish side
of the committee, meaning that she
has often favored looser monetary
policy and placed a priority on maxi-
mizing employment.
In her role as vice chair, Brainard’s
public remarks are typically meant to
reinforce Powell’s message. Case in
point: After his remarkably direct
speech at Jackson Hole, Wyo., in late
August emphasizing the Fed’s commit-
ment to reining in inflation no matter
how painful the consequences, Brain-
ard followed up a couple of weeks later
to say the bank would keep policy
restrictive for “as long as it takes.”
But the two aren’t always in lock-
step. At times, she can come off as
noticeably more dovish—as in an Oc-
tober speech that appeared to lay the
groundwork for the Fed to slow its
pace of monetary-policy tightening.
“I always sit up and take note if
something like that happens,” says
Meade, of Brainard’s softened tone
between the two speeches. “You say to
yourself, maybe there’s a shift going on
BARRON’S
for some members of the committee.”
The third member of the troika is
John Williams, president of the New
York Fed and vice chair of the FOMC,
which sets bank policy. Given that the
New York Fed runs the trading desk,
its president has historically been a
veteran of financial markets.
Williams doesn’t fit that mold,
however, having trained as an econo-
mist and advanced through roles at
the Fed and the White House. Per-
haps for that reason, he appears to
be somewhat less engaged in the
nitty-gritty of crafting the bank’s pol-
icy approach than some of his prede-
cessors, say Fed veterans.
Together, Powell, Brainard, and
Williams are the dominant voices on
monetary policy and the Fed’s path
forward, both internally and exter-
nally. The three work closely on writ-
ing the committee’s postmeeting pol-
icy statement and collaborate to try to
find and represent a consensus view.
The Voters
The playing field levels out somewhat
among the 16 remaining participants
on the policy committee.
The five additional board members
and 11 regional bank presidents par-
ticipate in internal policy discussions
and frequently share with the public
their personal views about what they
feel the Fed should or will do next.
But only some of them will actually
vote each year on policy.
That makes the distinction between
voting and nonvoting participants the
clearest way to recognize whose opin-
ions carry more weight inside the
committee. And it means that the cast
of characters in the spotlight changes
each year, as regional bank presidents
rotate through voting positions.
“At the end of the day, they all have
a voice around the table, but they
don’t all count the same,” Sahm says.
The seven members of the Board of
Governors always vote. Besides Powell
and Brainard, that includes Govs. Mi-
chael Barr, Michelle Bowman, Lisa
Cook, Philip Jefferson, and Christo-
pher Waller.
Barr, as vice chair of supervision,
tends to focus on bank regulation and
take a less prominent role on mone-
tary policy. Cook and Jefferson, both
of whom President Joe Biden ap-
pointed to the board in early 2022,
have so far stayed roughly in line with
consensus, though observers say they
are likely to speak out more this year
as they settle into their positions.
Bowman and Waller have a history
of holding more hawkish views,
meaning they are generally in favor
of tighter policy meant to help keep
inflation low. Waller in particular is
known for his strong voice and eco-
nomics background, and close Fed
watchers say they look to him for
insight into what the committee’s
hawks are thinking.
The 12 regional bank presidents
take turns voting—with the exception
of Williams, who, as president of the
New York Fed, always has a vote; the
remaining 11 rotate through in one-
year stints. For 2023, the voting re-
gional bank presidents will be Austan
Goolsbee of Chicago, Harker of Phila-
delphia, Neel Kashkari of Minneapo-
lis, and Lorie Logan of Dallas.
Goolsbee and Logan are new to the
bank presidency—Goolsbee stepped
into the role this month, and Logan in
August—but both are familiar entities.
Goolsbee held a top economist role
in the Obama White House and is
known as a strong communicator who
is expected to have a prominent voice
this year. Logan, for her part, has spent
decades at the Fed, most recently run-
ning the trading desk in New York.
Logan’s depth of experience in New
York means that she “will be the voice
of the financial markets in the meet-
ing,” says Bill Nelson, a former Fed
official who is now chief economist
and executive vice president with the
Bank Policy Institute. “And that’s a
very important role.”
Harker tends to be quieter than
his peers, though former Fed officials
described his views as slightly on
the hawkish side of center. Kashkari,
meanwhile, is expected to have an
outsize voice on the committee.
Known as a compelling speaker, he
previously had been the bank’s most
notable dove. During his last voting
stint in 2017, for example, he dis-
sented against every rate increase.
But Kashkari has since shifted
dramatically to advocate for a more
hawkish approach, arguing earlier
this month that the Fed should con-
tinue raising rates for “at least the
next few meetings.” His forecast
shows interest rates rising another full
percentage point, to 5.4%—higher
than the current median projection.
That willingness to adjust his views
in light of changes in the data could
make him a central player over the
coming year, Fed watchers say, as the
bank works to stay nimble and chart
its path forward based on the latest
January 16, 2023
information.
“He’s transparent about how he
sees the environment,” says Kaleb
Nygaard, a former Chicago Fed ana-
lyst who studies central banking as
a research fellow at the University of
Pennsylvania. “You’ll get exactly from
him where you think he’s going to go.”
The Nonvoters
Coming in last in Fed watchers’
power rankings: the seven nonvoting
regional bank presidents.
That’s not to say that the officials
in this category aren’t sometimes news-
makers. St. Louis’ Bullard, for example,
is an outspoken outlier, whose gener-
ally hawkish views have been known
to shake markets. His comments in
mid-November that the Fed could raise
interest rates to as high as 7% caused a
market dip, though he more recently
appeared to soften and suggest that the
median forecast—in the 5.1% range—
could be sufficient.
San Francisco Fed President Mary
Daly, on the other hand, has been
known to represent more of the dovish
wing of the committee, and former Fed
officials say she has a close working
relationship with Powell that gives her
influence internally. When she came
out forcefully in December to say that
the bank still had considerable work to
do on inflation, it sent a signal that the
whole committee—even those who
generally favored looser policy—were
on board with an aggressive stance.
Still, neither will have a vote on
this year’s path forward. That should
lessen their influence over the markets
in the coming months, particularly if
their views seem out of line with the
rest of the committee.
Overall, while the Fed will work
to communicate its expectations and
avoid jolting markets unnecessarily,
the uncertain nature of the current
economy means that observers should
brace for less clear and specific mes-
saging in the year to come. In other
words, sometimes even the Fed
doesn’t know in advance what it is
about to do.
“The line that we always used was,
‘The committee will communicate as
clearly as it can about its policy deci-
sions and its outlook,’ ” says Bill Eng-
lish, a former Fed official who is now
a finance professor at Yale University.
“There’s just a huge amount of uncer-
tainty about where the economy’s go-
ing to be in a year’s time and, therefore,
what appropriate policy will be in a
year’s time.” B
 January 16, 2023
S I Z I N G U P S M A LL- CA P S
This IT Support Firm
Has Got the Workers
Endava provides specialized tech workers to fintech and other companies
and stands to grow even in a recession. Its stock looks underpriced.
BY JACOB SONENSHINE
S
oftware is in a slump, but
people are in short supply.
That’s the kind of environ-
ment that could be good for
information-technology
consultant Endava.
With recession concerns
rising, corporate spending on software
and other tech has been decelerating.
Companies like Salesforce (ticker:
CRM) and ServiceNow (NOW) are
expected to grow 20% annually, down
from more than 30% before the pan-
Illustration by Ryan Peltier
demic. That has weighed on shares of
London-based Endava (DAVA), which
helps companies implement new soft-
ware and integrate it with older sys-
tems. Its stock has dropped 42% over
the past 12 months.
Endava, though, is well positioned
in 2023. While the software slump is
worrisome, companies are always look-
ing to get more efficient by cutting
costs and replacing antiquated soft-
ware with newer technology.
And that’s where Endava, whose
customers include Adobe (ADBE),
Rabobank, Worldpay Group, and
Maersk, comes in. It has the engineers
and tech support to help companies
migrate to the cloud, build out IT infra-
structure, and provide other services
that are more easily and cheaply pro-
vided externally than in house. Against
that backdrop, the selloff in Endava
stock looks like a buying opportunity.
“As we come out of a bubble burst,
everyone throws everything out,” says
Scott Davies, chief investment officer at
fund manager CDAM. “That’s where
we like Endava.”
There’s a lot to like, starting with
BARRON’S
demand for IT workers. Finding good
ones isn’t easy—their unemployment
rate is around 2%, compared with 3.5%
overall—and demand is only set to
grow. It will be particularly high for
developers of digital engineering ser-
vices, the industry term for custom
software such as mobile apps for banks
and airlines and merchant acquiring
platforms for payment companies, says
Cowen analyst Bryan Bergin.
The demand for developers could
lead to a shortfall of 5.3 million workers
by 2026, Bergin says. “[Demand] for
developers will likely remain elevated
vs. historical averages as companies
across all industries continue to invest
in technology,” he writes.
Endava, which had just under
12,000 employees as of mid-2022, com-
petes with larger companies like Ac-
centure (ACN), Infosys (INFY),
Wipro (WIT), EPAM Systems
(EPAM), and Globant (GLOB). En-
dava’s relatively small size allows it to
work more closely with its customers,
while also being cheaper and more
innovative, says William Blair analyst
Maggie Nolan. Eventually, the company
wants 75,000 employees, Nolan notes,
which is in line with management’s
vision for long-term sales growth.
“We expect Endava to continue to
capitalize on demand for emerging
technologies, custom product develop-
ment, and digital transformation ser-
vices,” she writes.
Demand for Endava’s services has
been increasing quickly. Its revenue
has grown at a 29% annual clip over
the past three years, and analysts ex-
pect sales to compound annually at a
28% pace to $1.44 billion over the next
two years, according to FactSet. Earn-
ings should grow in line with sales, as
Endava
Information-technology services
Headquarters: DAVA / NYSE
London
$150
Recent Price: $77.72
52-Wk Change: –42.2% 125
Market Value (bil): $4.4
100
2024E Sales (bil): $1.3
2024E Net Income
(mil): $210 75
2024E EPS: $3.49
50
2024E P/E: 22.3
2022 ’23
Note: fiscal year ends in June; E=estimate Source: Bloomberg; FactSet
15
the company doesn’t have many fixed
costs and only hires more people when
demand increases.
Endava also has pricing power, a
handy attribute in an inflationary envi-
ronment. Because of the difficulty in
finding tech workers, it can raise prices
to keep up with rising salaries, which
the company confirmed during a recent
conference call. Its clients don’t seem to
mind because IT spending is usually a
small percentage of overall costs, and
Endava charges on an hourly basis.
“They have skills that are not abun-
dant, so they’re able to typically com-
mand premium pricing,” says Wed-
bush Securities analyst Moshe Katri.
As a result, Endava is very profitable
and would be cash-flow positive even if
employees’ stock-based compensation
was treated as a cash expense.
A
recession, if one materializes,
would pose the biggest risk to
Endava. Roughly half of its
sales come from fintech cus-
tomers, such as payment processors,
which could see a hit to sales and could
look to cut costs if consumer spending
slows down. Some of that potential
weakness is reflected in the company’s
sales guidance of just over $1 billion for
fiscal year 2023, which ends in June.
“There could be some medium
short-term headwinds from the
macro,” says Mark Thurston, Endava’s
chief financial officer. “We’ve reflected
those in the guidance and are taking a
reasonably conservative view on the
outlook for the second half.”
Assuming a 28% annualized earn-
ings growth rate, the stock’s valuation
looks too low. It trades at 24 times 12
month forward earnings of $3.24,
down from 28.7 times at the end of
September. That means Endava is trad-
ing at a PEG, or price/earnings-to-
growth, ratio of just under one times.
That’s less than the aggregate PEG
ratio of just over one times for the Rus-
sell 2000 small-cap stock index.
Bergin has a $95 price target on the
shares, suggesting 22% upside, and
other analysts also see gains ahead. In
February, Endava is expected to report
a fiscal second-quarter profit of 69
cents a share on sales of $249 million.
An earnings beat could be a catalyst to
drive the stock higher.
“If they can make those numbers,
the multiple will expand again,” Katri
says. And even if they don’t, growth
alone should push the stock higher. B
16 BARRON’S January 16, 2023

THE 2023 ROUNDTABLE PART I

AFTER
THE

DELUGE A CHALLENGING YEAR FOR

STOCKS AND BONDS HAS From left: Henry Ellenbogen, Sonal Desai, William Priest,

OUR PANELISTS HUNTING FOR

Mario Gabelli, Abby Joseph Cohen, David Giroux, Todd
Ahlsten, Meryl Witmer, and Scott Black. Not pictured:
Rupal Bhansali.

BARGAINS. NINE TO CONSIDER.

BY
LAUREN R. RUBLIN PHOTOGRAPHS BY MACKENZIE STROH
January 16, 2023 BARRON’S
T
The optimist sees bubbles and thinks
champagne. The pessimist thinks
Alka-Seltzer.
So it goes with investors, too, in-
cluding the 10 on this year’s Barron’s
Roundtable. Some consider last year’s
steep losses in stocks and bonds a
necessary cleansing that set the stage
for renewed rallies and lofty returns.
Others simply see it as the first leg
down in a protracted bear market.
Rarely in modern times has the
group been so split in its investment
outlook. But even more rarely has the
Roundtable convened after a year in
which inflation roared and interest
rates soared, signaling regime change
among the world’s central banks and
in financial markets.
For all of the debate at our annual
gathering, held on Jan. 9 in New York,
the participants agree on a few funda-
mentals: The age of free money is over.
Valuation matters again in equity mar-
kets, unlike in recent years, and fixed
income finally lives up to its name,
17
offering ample income and a viable
alternative to stocks. Regardless of the
economic backdrop—and few see a
deep or lengthy recession in 2023—
bulls and bears alike should find
plenty to entice them amid the rubble
of 2022. Prospective winners include,
among many others, broken initial
public offerings, dividend payers,
international issues, and even the
shares of tech companies getting
religion on costs.
In this week’s Roundtable install-
ment, the first of three, we offer an
edited version of the panelists’ wide-
ranging macro discussion, and the
investment picks of two of our pros:
Henry Ellenbogen, chief investment
officer and managing partner of Dura-
ble Capital Partners, and Rupal Bhan-
sali, CIO and portfolio manager, Inter-
national and Global Equities, at Ariel
Investments, who joined the proceed-
ings on Zoom.
Grab a glass of your bubbly of
choice, and “listen” in.
Barron’s: For investors, last year
was a time of transition: Things
went from bad to worse. What are
the biggest threats to the markets—
and the biggest opportunities—as
we move into 2023? Let’s start with
Sonal, who rightly warned us last
year of the impact of a coming
change in policy among the world’s
central banks.
Sonal Desai: I’ll make four points.
One, markets are still too optimistic
about inflation. They underestimate
an important shift in central banks.
Macro policies are still pretty weak.
The economy is still pretty strong, in
that supply shocks are fading. Infla-
tion has peaked, but it is still closer to
7% than to 2% or 3%. Fiscal policy is
still pretty loose, and the unemploy-
ment rate is around 3.5%. Looking
below the surface, Social Security pay-
ments, which go out to nearly 30% of
the adult population in the U.S., will
rise by close to 9% this year, as they
are indexed to inflation. That is bak-
ing in additional inflation-push fac-
tors. And, the Fed’s balance sheet is
still large. It is shrinking, but slowly.
Second, many wage-growth num-
bers look to be coming down. But
based on the Atlanta Fed’s Wage
Growth Tracker, wages were up
nearly 8% in November for workers
switching jobs, and 5.5% for those
staying in the same jobs. Overall, wage
growth is more than 6%, inconsistent
with the dramatic decline in inflation
18
that many in the markets expect.
Long-term inflation expectations are
well anchored, but year-ahead expec-
tations are sticking at 5.2%.
What are your third and fourth
points?
Third, financial conditions lead me to
expect that the Fed will raise interest
rates to 5% to 5.5%, and maintain
them there. Market expectations that
the Fed will cut rates by close to 50
basis points [100ths of a percentage
point] in the second half of this year
are misplaced.
Fourth, and most important, mar-
kets suffer from recency bias in terms
of central-bank behavior. In the post-
financial-crisis period, central banks
around the world were so uniquely
focused on the fear of deflation that
they threw in everything but the
kitchen sink every time it looked like
markets or the economy got wobbly.
Now central banks are looking at a
decade of normalization. Many people
expect that once we start to see signs
of increased unemployment, the Fed
will cut rates dramatically and take
us back to quantitative easing. I don’t
expect that to happen. The normal
or neutral rate of interest is probably
higher than the Fed or any of us antic-
ipate. The new normal will be like the
old, old normal: When the economy
slows, the Fed can probably cut rates
from 5%-5.5% to a little less than 3%,
but not much below that.
BARRON’S
I came into last year pessimistic
about fixed income. This year, fixed
income is positioned in a better way
than it has been for a very long time.
What is your economic forecast?
Desai: For the full year, I expect GDP
growth of 1%, maybe higher, although
growth could be negative by the
fourth quarter.
David, where do you stand?
David Giroux: If we have a recession,
it will be mild. That’s because some of
the most cyclical parts of the economy
are already depressed or will do less
badly than in previous downturns.
Auto production was 16 million to 17
million in 2018-19. It was 13 million in
2020-21 and 14 million in 2022, due to
supply-chain issues. It is already close
to recessionary levels.
Commercial aerospace is an impor-
tant part of the industrial economy.
Boeing [ticker: BA] manufactured 757
planes in 2019. It made 326 in 2022,
and could make more than 500
planes, given the demand outlook and
backlog. Capital spending tends to be
the most volatile part of GDP, and we
believe it will hold up better than in
the past. The combination of the bene-
fits from the Inflation Reduction Act,
increased automation spending to
replace high-cost labor, and modest
onshoring should result in capital
spending falling much less than in
prior recessions. This is what we are
hearing from companies.
Outside of housing, technology, and
parts of financial services, companies
are going to be more reluctant to fire
workers in a downturn than in the
past, given that they just spent two
years struggling to fill vacancies. We
don’t expect to see the normal 200 to
n David Giroux 300 basis-point increase in unem-
CIO, T. Rowe ployment that we typically see in a
Price Investment
Management, mild recession.
and portfolio
manager, Capital
Appreciation fund,
How do stocks look to you?
T. Rowe Price, Giroux: Reasonably attractive. The
Baltimore market was down almost 20% last
year, despite 5% to 6% earnings
growth, so valuations are much more
attractive. When markets are down by
double digits for a full year, forward
returns tend to be above average, and
the risk of negative returns is lower. A
lot of cyclical stocks are already down
30% to 40% from their highs last
year, and are pricing in a recession.
Outside of energy, I don’t see a col-
lapse in earnings in most sectors. En-
ergy just has tough comparisons: Oil
January 16, 2023
prices are in the mid-$70s today, but
averaged significantly more than that
in 2022. Energy earnings are highly
correlated to oil. If oil prices stay where
they are, energy earnings—especially in
the second and third quarters—will be
down, year over year.
Financials will probably have posi-
tive earnings growth because of rising
rates and an upturn in capital-markets
activity. Foreign exchange will go from
a headwind to a positive in the second
half. Some of the megacap tech stocks
could turn the corner after a very dif-
ficult 2022. We could see that in the
second half as they face much easier
comparisons. I’m feeling better about
the market over the next 12 months.
So, we have one person who feels
better about the bond market, and
another who feels better about
stocks. Who here feels worse?
William Priest: I’m not sure I feel
worse, but we have experienced syn-
chronized policy tightening around
the world. The magic money tree is
over. That and a global energy shock
will likely lead to a modest global re-
cession. Interest rates will peak some-
time in 2023, and Treasuries will do
OK this year. Credit risk is another
story. As the Financial Times sug-
gested in a recent article, if you want
to find out where credit risk is, go
where the regulators aren’t. They
aren’t involved in private equity,
where a lot of credit risk still has to
play out, so I would avoid that.
Last year’s selloff in the markets
was all about rates, not earnings.
This year, the earnings outlook could
weaken. Companies are facing a
higher WACC rate, or weighted aver-
age cost of capital, which must be fac-
tored into corporate spending. It could
be another down year for stocks.
The wild card is the war in
Ukraine. Three events changed the
world in the past 50 years. The first
was the fall of the Berlin wall in 1989.
The second was China’s inclusion in
the World Trade Organization in
2001. Russia’s invasion of Ukraine in
2022 will prove to have been the third.
If you want to better understand hu-
man history, I recommend two books:
Sapiens, by Yuval Noah Harari, and
Principles for Dealing With the Changing
World Order, by Ray Dalio, which Bar-
ron’s recently wrote about.
How will the war affect the econ-
omy and markets?
Priest: Europe will have a recession.
January 16, 2023
The geopolitical environment has got-
ten a lot worse. We are reimagining
globalization and unwinding the law
of comparative advantage. Onshoring
won’t promote economic efficiency. It
will be inflationary. Global growth will
diminish, and markets will struggle
this year.
Scott, what’s on your mind?
Scott Black: The key to the stock mar-
ket’s performance will be Federal Re-
serve policy. The other macroeconomic
issues on the table are the reopening of
China’s economy, which will create
demand for commodities, and the con-
tinuation of the war in Ukraine. Also,
we’ll have to keep an eye on Covid out-
breaks and variants, such as the new
one in New England, which is highly
contagious. If it spreads globally, it
could have a deleterious effect. We
should also think about black-swan
events: Putin getting more aggressive
in Ukraine and the possibility that
China tries to seize Taiwan. And don’t
rule out the possibility that Israel
might bomb Iran to prevent it from
becoming a nuclear power.
Wow, you have a lot on your mind!
Black: The continued polarization
of U.S. society isn’t good for the econ-
omy. We can’t look away, either, from
climate-related disasters—tornadoes
and hurricanes and floods. Bill men-
tioned the deglobalization of interna-
tional trade. Lastly, population in the
U.S. was up just four-tenths of one
percent last year. We have an aging
population. Unless we change our
immigration laws, we are in trouble. A
stagnant population makes it difficult
to grow the economy and real GDP.
Getting back to the Fed, money
supply peaked in March. M1 is down
3.6%, and M2 is down 1.8%. The Fed’s
balance sheet topped out at $9 tril-
lion last July and has been reduced by
$218 billion, year over year. The Fed
has started to break the back of infla-
tion. [Fed Chairman] Jay Powell and
the group shouldn’t lower rates, but
pause rate hikes temporarily to see
how the impact of past hikes plays
out. If the Fed stays the course on rate
hikes, we are going to have a reces-
sion. If not, GDP could be up a half-
percent to 1%-plus this year.
Todd Ahlsten: Well said. I worry
about overextrapolating trends. That’s
a theme I thought about coming into
this meeting. In 2021, we had an epic
peaking in conditions, such as zero
to negative interest rates and ample
BARRON’S 19
liquidity, that made things perfect for more secular basis than in the past the negative camp when it comes to
the overextrapolation of secular decade. We saw the impact of the equity markets.
growth. Now we may be over-extrapo- rewind on the mortgage-bond market, Bill mentioned with regard to
lating inflation dynamics and forget- because that’s the first area in which private equity that you have to look
ting about a lot of long-term trends the Fed tapered. It knocked the wind where regulators aren’t looking. I
that are deflationary. Scott made some out of the housing market. We are would argue that nobody is looking at
important points about demographics. underestimating the effect this shift is private equity, which has a lot of expo-
Negative demographic trends, high going to have on the broader economy sure to junk bonds that are disguised
debt, wealth inequality, and the pro- and on risk-asset pricing. as equity, but are really debt. In that
ductivity of technology haven’t gone Equities are a risky asset class, and market, most transactions occur at
away. They have merely taken a back that’s where the de-rating of valuation five to seven times debt to Ebitda
seat because of all the stimulus multiples has been underestimated, [earnings before interest, taxes, depre-
jammed into the economy during the not just in terms of a recession caus- ciation, and amortization], which
Covid pandemic in 2020. ing earnings to go down, but valuation would place them in the triple-C [debt
Today, liquidity is being reduced at n Sonal Desai
compression. History has shown that rating] category, the junkiest of junk
the same time that the Fed has been CIO and portfolio markets overreact—on the way up debt. Private equity’s valuation reset
raising rates at the most rapid rate in manager, with multiple re-rating, and on the could create a negative feedback loop
Franklin Templeton
generations, so we are going to have Fixed Income, way down with multiple de-rating. I in public equity markets, and defaults
an economic cycle. Like Scott, we see San Mateo, Calif. would brace for that. I am squarely in could create contagion in debt markets
inflation coming down, although it
will be a nonlinear decline. At the end
of the year, we could see the 10-year
Treasury yield below 3%, maybe as
low as 2%.
Investors often mistake the cyclical
for the secular, and vice versa. In
2021, they often priced cyclical growth
as secular growth, and now there is a
tendency to price secular growth as
cyclical. The question is: How do you
price it? The S&P 500 is trading for 17
times forward earnings, down from 21
times, which looks attractive. We see
60/40 odds that inflation is defeated
and the economy has a soft landing or
mild recession, as opposed to a hard
landing. This is the year the Fed piv-
ots. Rates probably peak in March.
As a long-term investor, the current
uncertainty is incredibly exciting.
Looking out 12 to 18 months, the Fed
regime will be in a much different
place, and that could be positive for
growth assets—in particular, core
companies in life sciences, precision
agriculture, climate-change technolo-
gies, and semiconductor software. We
see great opportunities in wide-moat
businesses that got hit by inflation. If
we have a deflationary period and
they regain pricing power, companies
that underearned last year could
overearn.
Rupal Bhansali: We have discussed
rate change. I want to take this back
to regime change. We aren’t thinking
enough about QE [quantitative easing]
turning into QT [quantitative tighten-
ing]. It isn’t only about the increase in
the risk-free rate of return. It’s about
the increase in the risk premium. Both
affect the discount rate we use to value
companies. Fed policy has perma-
nently shifted. QE going to QT is
something that will be with us on a
20
generally. Risk premiums across the
spectrum have to go up, because we
haven’t yet felt all the pain of moving
from QE to QT.
How painful will things get in the
next year or so?
Bhansali: A double-digit correction
in equity markets can’t be ruled out,
particularly in the highflying markets
of the U.S. and favored emerging
markets, such as India, which are
pricing in a glass half full. Europe is
already pricing in a big shock, so
declines there might not be as large.
International markets outperformed
the U.S. last year because a lot of the
bad news was more than priced in,
and that could persist. The dollar is
likely to be weaker, as well, so you
could make more money abroad in
two ways—from stocks and currency
appreciation.
Returning to Todd’s comments,
what does secular versus cyclical
growth look like in the tech sector?
Ahlsten: Great companies came out
of the dot-com bust of 2001-02. The
same thing happened after the finan-
cial crisis of 2008-09. We are at a sim-
ilar place in 2022-23. Look at all the
innovation in semiconductors: You
can now put 60 miles of wires on a
transistor the size of your fingernail
and have billions of transactions. We
are seeing some signs of deglobaliza-
tion in this industry. There are great
software companies producing tre-
mendous innovation. Some hired too
many people and are seeing top-line
softness, but that hasn’t stopped the
industry’s underlying innovation.
Maybe it will take six to nine months
to a year to work through today’s is-
sues. But look back to 2001-02 and
2008-09. This is when the big returns
are made. The companies doubling
and tripling down on innovation will
provide significant upside coming out
of this downturn. That’s where you
want to invest.
Henry Ellenbogen: The market’s
major statement last year was that
we have transitioned from a negative
real-rate regime to a positive real-rate
regime. [Real rates are inflation-
adjusted.] Nowhere was that more
impactful than in growth companies—
in particular, loss-making ones. With
regard to tech, we have exited a period
in which companies can drive growth
without profitability. Forty percent of
the companies in the Russell 2000
Growth index are loss-making; it was
a little higher in 1999-2000.
I agree with the consensus here:
Unless something financial breaks,
our Federal Reserve doesn’t want to
take us back to a negative real-rate
period. Going back would bring back
speculation and create an environ-
ment in which fixed income is largely
not ownable, as was the case for the
past several years. We are sowing the
seeds for a much more productive
market, based on two things. One, the
60/40 stock/bond portfolio is now
ownable because you can get positive
real rates on fixed income. Two, the
equity market is going to demand a
healthy balance of growth and profit-
ability. This will usher in a period of
less speculation in private and public
markets.
We are entering a period similar
to 2001-06, in which the companies
that balanced growth and profitabil-
ity had good stocks, and those that
had come public in a speculative era
and got their act together, driving
operating leverage and becoming
earnings-based, were the best stocks.
We’re talking about companies such
as Amazon.com [AMZN]; Priceline-
.com, now Booking Holdings
[BKNG]; and Expedia Group
[EXPE]. Google, now Alphabet
[GOOGL], came public in 2004.
We are entering an era in which
fundamental stock-picking is going
to take hold. The markets are going to
be less about the Fed switching from
negative to positive real rates, and
more about which companies are
driving growth and profitability.
Desai: Has the tech sector ever gone
through another cycle in which it tried
to reduce costs?
Ellenbogen: Ironically, the companies
that can eliminate the most employees
seem to be technology companies. But
look at innovations like ChatGPT [a
software program powered by artifi-
cial intelligence that simulates human
conversation]. To me, that is as im-
pactful as the iPhone’s introduction in
2007. In a few years, generative AI is
going to allow companies to reduce
head count significantly in areas
where people do rote tasks around
human conversation and content
creation. That will be good from a
productivity standpoint, and allow
companies to invest more in their
businesses. This is as eye-opening a
technology transition as any I have
seen in my career.
Priest: It is going to be a big challenge
for Google.
BARRON’S January 16, 2023
Henry
Ellenbogen’s
Picks
CIO and managing
partner, Durable
Capital Partners,
Chevy Chase, Md.
FirstService
FSV
$127.77
RBC Bearings
RBC
$212.79
Abcam
ABCM
$15.92
Clear Secure
YOU
$27.42
Duolingo
DUOL
$72.08
Price as of 1/6/23
Source: Bloomberg
The market had several bad years of the market and big drivers of S&P
from 2000 to 2004. To continue 500 earnings, and this change in focus
the analogy, was 2022 a repeat of could be powerful.
2000? Was it 2001, or multiple Abby Cohen: I’d like to take the con-
years compressed into one? versation back to what is happening
Ellenbogen: That is somewhat com- with regard to the global economy,
pany dependent. I have two stock global markets, and, importantly,
picks today from the IPO class of portfolio construction. In some ways,
2021. The median 2021 IPO was 2022 was a cleansing year. It was the
down 55% last year. A lot of names first year in many when valuation
on that list deserve to be down 50% mattered in the public equity and
or more, but there are some good fixed-income markets. There is always
companies in there, too. Markets a pendulum in financial markets: In-
“happen” faster today than in the vestors become too enthusiastic, and
past. Also, the Fed raised rates at a then, perhaps, overly nervous. Since
historic pace. There are a bunch of my work tends to be highly quantita-
reasons to think we had a multiyear tive, I’m trying to get a sense not of
reset in one year. how extreme things could be, but
Giroux: Things aren’t great now, and what we should be focused on.
you are seeing signs that some large- In 2022, investors had their heads
cap techs are thinking about profits handed to them because of the end of
and cash flow again, and finally ad- cheap money. This was a monumental
dressing their cost structures and change after 30 years in which infla-
curtailing some of their invest- tion was low and under control, and
ments. These companies are a big part interest rates were low. We had not
January 16, 2023
only negative real rates, but negative
nominal rates in some countries. This
has now ended. Valuations of many
growth stocks made sense in 2021 if
you believed that inflation and interest
rates were never going to rise. The
same thinking played out in private
equity and venture capital and the
market for SPACs [special purpose
acquisition companies]. We haven’t
yet seen all the damage.
What is left to implode?
Cohen: I am concerned about college
and charitable endowments, and other
investors in private equity and venture
capital who thought these weren’t
volatile investments. They didn’t look
volatile because of reporting proce-
dures, as opposed to what was hap-
pening beneath the surface. Alterna-
tive-asset managers benefited from
cheap money. They borrowed and
levered up their returns, but that
strategy is largely over. We are going
to learn a lot more in the next three
months because auditors will provide
a reality check as they review fourth-
quarter and full-year results.
Where should things be priced
now? In equities, I have found that
return on equity is a helpful indicator.
Companies that could maintain profit
margins and increase return on equity
weren’t a bad place to be last year. It is
also important, as Rupal mentioned,
to adjust the risk premium in various
asset categories now that we are sort
of back to normal. The premium
above the risk-free rate matters a
great deal.
What else should we be focused
on?
Cohen: I loved Todd’s discussion
about overextrapolation. Related to
that, for many years there was an
incrementalism in portfolio manage-
ment. Little attention was paid to the
possibility of major turning points in
the economy and markets; extrapola-
tion of the recent past dominated. If
inflation and rates were always under
control and the economy always
grew, managers made only small
adjustments to portfolios from year
to year. There was too much focus
on short-term relative performance
and fees.
We also saw the extraordinary
growth of ETFs [exchange-traded
funds]. Market-cap-weighted ap-
proaches can be self-fulfilling. More
and more money went into a small
number of tech stocks that dominated
BARRON’S 21
market-weighted ETFs and pushed I wasn’t going to comment on the labor market, or the [just ended] New
those stocks higher, making them macro backdrop, but Abby started York nurses’ strike. Workers are strik-
increasingly overvalued. The unwind- running with the Rs. I’ll add to her list ing not only about wages, but also
ing of this strategy is healthy, even that rates will stay higher, running off benefits. A rebound in inflation isn’t
though painful, and creates opportu- of the Fed’s $9 trillion balance sheet, off the table yet.
nities for good active managers. It also and the reduction of aggregate de-
creates opportunities for other, more- mand. Just read page seven of the Meryl, how do you see the year
balanced models that individual inves- December FOMC minutes. Another unfolding?
tors can use to participate in the mar- R is rhetoric. Powell is cautious. Meryl Witmer: The market isn’t dirt
kets. These can include low-fee Note that the government is going cheap. If some of the many men-
actively managed mutual funds and, to start to replenish the strategic oil tioned risks are realized, the poten-
for wealthier individuals, bespoke n Todd Ahlsten reserve, thus reducing oil supply by a tial exists for further downdrafts, but
CIO and lead
“indexes” that exclude relatively portfolio manager,
million barrels a day. We mentioned that would be a good buying opportu-
pricey securities and can focus on tax Parnassus Core geopolitical tensions in the Middle nity. Also, problems in private equity
efficiency. Equity fund, East. What happens if oil, instead of are going to open the market for cor-
Parnassus
As for risks, Bill mentioned the end Investments, staying around $75-$80 a barrel, goes porate bolt-on acquisitions, to the
of globalization. I would describe it as San Francisco to $110? And don’t ignore the strong extent that companies can get regula-
more wary relationships with some
countries. Low prices were viewed as
a positive outgrowth of globalization
because we could tap into inexpensive
workers elsewhere. I’m happy to see
that wages are rising again. It was
problematic that the median house-
hold income in the U.S. was stuck for
30 years and fell relative to inflation.
This created political tensions.
I have some Rs for risk: the reopen-
ing of China, which may be a good or
bad thing, depending on the death rate
and release of new Covid variants.
There’s Russia, and the risk that the
war extends beyond Ukraine. What
Russia is doing with regard to energy
supply is problematic and might en-
courage other bad actors. Another R is
the rest of the world: slow growth in
Europe and the United Kingdom, and
potential conflict over Taiwan. I agree
with Scott that we should pay atten-
tion to the Middle East. And I have a
P, for polarization of U.S. politics,
which might come to a head when
Congress has to raise the debt ceiling
later this year.
Mario Gabelli: I’d like to dig into the
plumbing of U.S. companies and what
they are doing, including reducing
inventories. The ones I follow are
learning how to better manage inven-
tory with LIFO [last in, first out] and
FIFO [first in, first out] accounting.
As a manager, you have to understand
the gross-margin impact of high-cost
goods moving into the P&L [profit and
loss statement]. Then, you have to
consider price increases, and how
inelastic demand might be. You have
to focus on SG&A [selling, general,
and administrative costs], currency,
and pension costs. Managing a busi-
ness is a great learning curve, and we
look at how companies are handling
that. Which managements anticipate
dynamics and which don’t?
22
tory approval for deals, which could
help earnings.
Companies are reluctant to lay off
workers, but at some point that will
end. More people will be freed up to
be more productive in other jobs. Lon-
ger term, that’s a positive, but it could
be a near-term negative for corporate
earnings, because of too many em-
ployees for the level of business.
The S&P 500 ended last year at
3839.50. Let’s get your 2023
market forecasts.
Black: If you expect earnings to grow
by 6% to 8%, to $27.3 trillion, that
puts the market at around 18 times
earnings. The Russell 2000 and Nas-
daq were both trading at 21.3 times
earnings on Jan. 6. Stocks are expen-
sive, but once the Fed eases up on rate
hikes, the market could rally. The S&P
500 could go up 5% to 6% by Dec. 31,
plus pay a 1.5% dividend yield.
Bhansali: I wouldn’t rule out a two-
handle on the S&P 500—that is, a
price of 2900 as opposed to 3900,
based on my estimated 2023 earnings
decline in a recession to at least $207
and a price/earnings multiple of 14
times, versus trailing consensus ex-
pectations of $217 in 2022 earnings
and a P/E of 18 times. For a long time,
investors believed in TINA—there is
no alternative to stocks—because fixed
income was yielding nothing. Today,
BARRON’S
fixed income could yield in the vicin-
ity of 4.5% to 5%. Investors need to
consider TIAN—there is an alterna-
tive now to equity markets—and it is
called fixed income.
Ahlsten: The first half of the year
could be challenging. We are not out
of the woods yet. But inflation is com-
ing down, and the S&P 500 could be
up 10% or more on the year. Looking
to 2024, we’ll have a presidential elec-
tion. Don’t rule out the possibility of
more stimulus or the Fed pivoting to a
looser monetary policy. You’ve got to
fasten your seatbelt for the next three
to six months, but the S&P 500 could
end the year above 4300.
Cohen: My assumption is that there
won’t be a recession, even though we
could have two quarters of disappoint-
ing GDP. But any downturn will be
brief, so I am assuming no recession.
The labor markets will stay strong. I
expect S&P 500 earnings to grow by
5% to 8% above 2022 levels. Compa-
nies may push some fourth-quarter
earnings per share into 2023. I also
assume that inflation will look better
in the second half. Core PCE [per-
sonal consumption expenditures], the
inflation measure the Fed looks at,
could be 3% or a smidgen lower by the
end of the year, which suggests that
valuation multiples aren’t going to
contract. It could be a volatile year for
stocks and fixed income, but I arrive
at a year-end number similar to
Todd’s: 4300 on the S&P 500.
Giroux: I, too, have 4300 at year end.
We will feel better about the economy,
inflation, and earnings a year from
today. Predicting the next year is
difficult. We try to model five-year
returns. We think about long-term
equity market returns of 8%. At the
beginning of 2022, we were modeling
about 5% forward five-year returns.
nAbby Joseph Today, with the market at 3900, we
Cohen are projecting forward returns slightly
Professor of
Business, above 8%.
Graduate School Priest: The market could end the year
of Business,
Columbia
about where it is now. Inflation isn’t a
University, problem until it gets into wages. It is
New York getting into wages and is going to be
sticky. The cost of capital is going up
for corporations, and rates will proba-
bly be up a little.
Ellenbogen: I agree with Bill. I expect
stocks to be down in the year’s first
half, but the second half should be
better. We are all looking for weak-
ness in the jobs market. It will take
either fewer job openings or job losses
to lift the unemployment rate. Once
that happens, stocks should do better.
January 16, 2023
Witmer: I’m in the flattish category. I
don’t sense a lot of fear in the market.
Gabelli: I see rattlesnakes every-
where, including outside the U.S.
We talked about private markets and
shadow banking. Companies will start
thinking about 15% taxes on book
income. The first half is going to be
choppy. Toward the end of the year,
the outlook for China, which is 20%
of world GDP, will be brighter. It is
important to discount that. Assuming
the war doesn’t worsen, Europe could
do better. I expect the S&P 500 to end
the year around 3500 to 3800—down
5% not from Jan. 1, but from today’s
3930 or so. But there are many stock-
specific ideas I will share later.
Desai: I’m not an equity person, but
based on my macro outlook, I expect
the S&P 500, and equity markets gen-
erally, to be flat this year. The current
market volatility is less about the data
and more about everyone trying to
second-guess what the Fed’s reaction
will be. An unemployment rate of 5%
isn’t massively recessionary. Interest
rates of 5% aren’t massively contrac-
tionary. We just happened to have a
15-year period in which interest rates
were close to zero. That isn’t normal.
Assuming the S&P 500 ends the
year at 4300, it would be trading
for roughly 18 times earnings
based on consensus estimates of
roughly $230 this year and $250 in
2024. Isn’t that on the high side,
given higher interest rates?
Ahlsten: I am comfortable with a P/E
multiple of 18. Capital goes where it is
treated best. Despite political infight-
ing here and other issues, I don’t see
any other place with such great op-
portunities for capital. Also, the S&P
500 includes some of the best compa-
nies in the world. I want to invest in
some of the best companies that are
innovating in life sciences, software,
and other fields. No. 3, the Fed could
turn more accommodative toward the
end of the year. So, a P/E multiple of
18 isn’t too high a price to pay to par-
ticipate in the best market in the
world and some of the best compa-
nies, especially when M2 might be
growing again and the government
might be stimulating the economy in
an election cycle.
Giroux: There is more that drives
market multiples than interest rates
and earnings. The correlation between
rates and S&P 500 earnings over the
past 20 years is close to zero. In addi-
tion, the mix of the market has
January 16, 2023
changed dramatically in the past 15
years. The lowest-multiple parts of
the market, such as energy and finan-
cials, have become much smaller con-
tributors to earnings. Even the mix
of businesses within large compa-
nies, such as Apple [AAPL] and
Microsoft [MSFT], is much better
today. Their businesses are faster
growing and more durable. A micro-
analysis of the largest 100 companies
in the S&P 500 also supports a
higher multiple. Even free-cash
conversion has gone up over time.
Priest: I disagree with my colleagues.
Start with the Gordon Growth Model,
which is a formula used to determine
the intrinsic value of a stock, based on
a future series of dividends that grow
at a constant rate. The cost of capital
has gone up for almost every company
in the world. That is going to hurt
valuations.
Stocks had a bad year, but crypto-
currencies had a terrible year.
What do you make of crypto’s
problems, and the underlying
blockchain technology?
Cohen: I gave a guest lecture at Co-
lumbia a year or so ago in which I was
asked about crypto. I likened it to tulip
bulbs in the Netherlands in the 1600s.
During the tulip mania, tulip bulbs
were worth what anyone wanted to
pay for them. When, suddenly, no one
wanted them, the price collapsed.
Similarly, there was no way to ascer-
tain what a cryptocurrency was
worth. Tulips are perhaps an extreme
example, but a warning. Blockchain
technology will likely have real appli-
cations. Thus far, cryptocurrencies
have been used in large part by bad
actors, such as those involved in
ransomware attacks or other shady
activities.
Gabelli: Every crypto transaction is
taxable. Those who bought or sold
crypto in the past 24 months are going
to have an interesting interplay with
the IRS from a tax perspective.
Priest: The best money and banking
book I’ve ever read is The Future of
Money by Eswar Prasad. Crypto is not
money in the sense of what money
does. Money is a unit of account, a
means of exchange, and a store of
value. Crypto might meet the first two
tests for some people, but it isn’t a
store of value.
Cohen: Prof. Prasad, who is at Cor-
nell University and the Brookings
Institution, is my guru in these mat-
ters. He made a cogent argument two
BARRON’S 23
or three years ago as to why some graphics are terrible; India will sur- appropriate pricing of risk as markets
cryptocurrencies were perhaps getting pass China in [population] size, and come to terms with a paradigm shift:
too much credit for what they could China has an enormous amount of Central banks won’t be bailing us out
actually accomplish and what they unproductive debt. every time things get wobbly.
were worth. Cohen: There is an orbit of countries Ahlsten: I expect that we will be talk-
with autocratic governments support- ing about how low interest rates are
Why is it taking so long to have any ing Russia. Other nations need to keep going to go in 2024. The shifting tec-
meaningful activity on blockchain? a watch on this. With regard to China, tonic plates of high debt levels, weak
Cohen: Thus far, advances in block- there is so much to look at. The gov- demographics, wealth inequality, and
chain haven’t been visible publicly. ernment is autocratic, and may feel technological productivity will outpoll
Companies are experimenting with somewhat empowered by Russia’s scarcity and deglobalization. Inflation
and using it for internal purposes. move in Ukraine. According to the has been hard to extrapolate. We over-
People want to make sure they have Semiconductor Industry Association, extrapolate high inflation. A year from
the technology working properly, and Taiwan and China combined control now, we could be asking how low the
that they are doing things in the ways 40% to 45% of global semiconductor CPI could go below 2% in the second
they need to. Blockchain is a ledger. n Scott Black production. In 1990, the U.S. alone half of 2024.
What sort of permanent ledger do you Founder and produced almost 40%. Now we are Bhansali: The blind spot in the mar-
president, Delphi
need? Some of those questions haven’t Management, down below 15%. ket is the amount of debt and deriva-
been answered yet. I am hearing of Boston Desai: We will be talking about the tives, which are a form of leverage.
interesting applications in financial
services, in the trading of carbon cred-
its, and in supply-chain management
in several industries.
Ellenbogen: I agree that the develop-
ment of blockchain has been incredi-
bly slow. Compare it with AI. Go to
the demo of ChatGPT and you see
something stunning. Although there
is going to be a lot of hype around AI,
traditional businesses will use it to
unlock tremendous cost savings. I
can’t wait to call my phone or cable
company and talk to the smartest
“person” who knows my account
perfectly and can deal with all the
technicalities of my setup instantly.
That’s where we’re going to be in two
to four years.
Ahlsten: Established companies like
the Mastercards and Visas and even
the Bank of Americas have an oppor-
tunity to widen their moats and im-
plement a lot of this technology.
Ellenbogen: Had we been discussing
this five years ago, there would have
been populist concern about the jobs
that will be lost. Now people think
about efficiency and expertise as a
positive force because of the struggles
we have had in ramping up our labor
force. We have had transactional auto-
mation and some factory automation.
We have had almost no conversational
automation, and that’s what we are
talking about here.
What will we be talking about a
year from now, other than the
coming election?
Priest: The consequences of the
Ukraine war. Russia’s detonation of
a tactical nuclear weapon is a small
possibility, but it isn’t off the table.
That could change everything. And,
yes, China is reopening, but its demo-
24 BARRON’S January 16, 2023

ROUNDTABLE
Members of the Barron’s Roundtable buy and sell securities and change their investment
2022 opinions as prices and market conditions change. The 2022 Roundtable was held
on Jan. 10. Here’s how the panelists’ 2022 Roundtable recommendations performed
through Dec. 30. The S&P 500 index posted a total return of -16.6% in the same period.

REPORT CARD
Henry Ellenbogen’s Picks
Price Price Price Total
Company / Ticker 1/7/22 12/30/22 Change Return
MSCI / MSCI $552.00 $465.17 -15.7% -14.9%
J.B. Hunt Transport Services / JBHT 200.11 174.36 -12.9 -12.1
Warby Parker / WRBY 39.71 13.49 -66.0 -66.0
Todd Ahlsten’s Picks
Price Price Price Total Vail Resorts / MTN 308.12 238.35 -22.6 -20.2
Company / Ticker 1/7/22 12/30/22 Change Return
Shopify / SHOP* 114.45 34.71 -69.7 -69.7
Deere / DE $378.65 $428.76 13.2% 14.4% *Adjusted for a 10-for-1 stock split.
Fiserv / FISV 108.83 101.07 -7.1 -7.1
Mastercard / MA 369.65 347.73 -5.9 -5.5 Mario Gabelli’s Picks
Price Price Price Total
Adobe / ADBE 510.70 336.53 -34.1 -34.1 Company / Ticker 1/7/22 12/30/22 Change Return
Applied Materials / AMAT 150.81 97.38 -35.4 -34.8 Liberty Braves Group / BATRA $28.05 $32.67 16.5% 16.5%
Danaher / DHR 295.67 265.42 -10.2 -9.9 Madison Square Garden Sports / MSGS 168.42 183.33 8.9 13.0
Paramount Global / PARA* 35.39 16.88 -52.3 -49.6
Rupal J. Bhansali’s Picks
Price Price Price Total CNH Industrial / CNHI 16.15 16.06 -0.6 1.3
Company / Ticker 1/7/22 12/30/22 Change Return
Iveco Group / IVG.Italy €10.29 €5.56 -46.0 -46.0
Direct Line Insurance / DLG.UK GBp290 GBp221 -23.8% -16.0%
Dana / DAN $23.93 $15.13 -36.8 -35.1
Credicorp / BAP $134.12 $135.66 1.1 4.1
Genuine Parts / GPC 138.94 173.51 24.9 27.5
BB Seguridade Participacoes / BBSEY 3.54 6.30 78.0 89.1
Dril-Quip / DRQ 22.70 27.17 19.7 19.7
Baidu / BIDU 153.33 114.38 -25.4 -25.4
Total Return in USD: DLG.UK=-24.8%
Halliburton / HAL 26.02 39.35 51.2 53.1
Grupo Televisa / TV 10.01 4.56 -54.4 -53.6
*Changed name and ticker from ViacomCBS (VIAC). Total Return in USD: IVG.Italy=-49.1%.
Scott Black’s Picks
Price Price Price Total
Company / Ticker 1/7/22 12/30/22 Change Return David Giroux’s Picks
Ichor Holdings / ICHR $44.05 $26.82 -39.1% -39.1% Price Price Price Total
Company / Ticker 1/7/22 12/30/22 Change Return
Hercules Capital / HTGC 17.03 13.22 -22.4 -10.8%
General Electric / GE $101.40 $83.79 -17.4% -17.1%
Nexstar Media Group / NXST 155.33 175.03 12.7 15.0
Becton Dickinson / BDX* 247.78 254.30 2.6 4.0
Civitas Resources / CIVI 55.15 57.93 5.0 16.4
Thermo Fisher Scientific / TMO 607.07 550.69 -9.3 -9.1
Mosaic / MOS 40.18 43.87 9.2 10.6
Keurig Dr Pepper / KDP 37.30 35.66 -4.4 -2.9
TE Connectivity / TEL 158.57 114.80 -27.6 -26.2
Abby Joseph Cohen’s Picks
Price Price Price Total Amazon.com / AMZN** 162.55 84.00 -48.3 -48.3
Company / Ticker 1/7/22 12/30/22 Change Return *Adjusted to reflect Embecta spinoff. **Adjusted for a 20-for-1 stock split.

Fiserv / FISV $108.83 $101.07 -7.1% -7.1%

William Priest’s Picks
Pfizer / PFE 55.72 51.24 -8.0 -5.2 Price Price Price Total
Intuitive Surgical / ISRG 324.29 265.35 -18.2 -18.2 Company / Ticker 1/7/22 12/30/22 Change Return
Toyota Motor / 7203.Japan JPY2,307 JPY1,812 -21.5 -19.2 Raytheon Technologies / RTX $90.44 $100.92 11.6% 14.0%
Siemens / SIEGY $86.39 $68.79 -20.4 -17.7 Vertex Pharmaceuticals / VRTX 221.85 288.78 30.2 30.2
SolarEdge Technologies / SEDG 248.91 283.27 13.8 13.8 Sony Group / 6758.Japan JPY14,540 JPY10,035 -31.0 -30.5
Total Return in USD: 7203.Japan=-28.7% ON Semiconductor / ON $64.56 $62.37 -3.4 -3.4
Coca-Cola Europacific Partners / CCEP 57.83 55.32 -4.3 -1.3
Sonal Desai’s Picks
Price Price Price Total T-Mobile US / TMUS 109.74 140.00 27.6 27.6
Investment / Ticker 1/7/22 12/30/22 Change Return Total Return in USD: 6758.Japan=-38.7%

Clarion Partners Real Estate Income / CPREX $12.10 $12.38 2.3% 7.7%
Meryl Witmer’s Picks
Franklin High Yield Tax-Free Income / FHYVX 10.45 8.69 -16.8 -13.2 Price Price Price Total
Global X US Infrastructure Development / PAVE* 28.35 22.77 -19.7 -19.4 Company / Ticker 1/7/22 12/30/22 Change Return
Lazard Global Listed Infrastructure / GLFOX 16.30 14.21 -12.8 -0.2 Dollar Tree / DLTR $140.96 $141.44 0.3% 0.3%
Parametric Commodity Strategy / EAPCX 6.34 6.37 0.5 15.3 Sylvamo / SLVM 29.74 48.59 63.4 64.1
SPDR Blackstone Senior Loan / SRLN 45.65 40.90 -10.4 -5.3 Ardagh Metal Packaging / AMBP 8.66 4.81 -44.5 -40.0
Franklin Income / FRIAX 2.52 2.25 -10.7 -6.0 Hillman Solutions / HLMN 9.95 7.21 -27.5 -27.5
Franklin Equity Income / FEIFX* 31.95 27.20 -14.9 -13.8 Holcim / HOLN.Switzerland CHF48.36 CHF47.88 -1.0 3.6
*Position closed 6/30/2022 Total Return in USD: HOLN.Switzerland=-2.9%
Total return includes dividends received but not reinvested Source: Bloomberg
January 16, 2023
Risk has been systematically mis-
priced, misunderstood, overlooked.
We will be talking about the return of
risk pricing. Whoever does that best
will win in the next couple of years.
Desai: To be fair, we have been
pushed into mispricing risk for the
past 14 or 15 years by almost every
central bank.
Gabelli: Because of a large number
of bankruptcies, there is going to be
a renewed focus on companies that
know how to buy debt to gain control
or ownership of a business.
Cohen: And we have to be concerned
about the AI products that can replace
us.
Never! Let’s move on to your stock
picks. Henry, you’re first.
Ellenbogen: We have had a rejection
by central banks of negative real rates,
and have moved to a positive real-rate
world. In this environment, you need
to find companies that can source
their own growth by expanding their
market share and developing innova-
tive products. I’m looking for compa-
nies that have dominant franchises,
the ability to invest in their next
growth act, and executives who have
been through choppy times. I am also
looking at companies that came public
during a time when markets were
much more lax about profitability,
but are going to prove themselves.
I’ll talk about five companies today.
Interestingly, all are sub-$10 billion
in market cap. All growth was chal-
lenged last year. The Russell 2000
Growth index was down 26%. My first
two stocks are proven businesses with
management teams that have been in
place for nearly 20 years. They are
under short-term stress in the market.
FirstService [FSV] has a market
cap of about $5.6 billion. I first men-
tioned it in Barron’s in July 2019.
Management has an ownership mind-
set and owns 12% of the business.
FirstService was spun out of Colliers
International Group [CIGI] in 2015.
It compounded wealth at 20% annu-
ally for 25 years, an exceptional track
record. Half of its business units are
market-leading, with balanced
growth and profitability.
What does FirstService do?
Ellenbogen: Its biggest unit, First-
Service Residential, is a property
manager. It oversees 8,600 buildings,
with a 95% renewal rate. This busi-
ness is 10 times bigger than anyone
else’s in the industry. Another seg-
BARRON’S 25
ment includes companies such as
Century Fire, California Closets, and
CertaPro Painters. These are solid
businesses, but have some stresses
associated with housing and commer-
cial real estate. The remaining third of
the company is cyclical, and one of the
reasons we really like FirstService.
This is the restoration business. It
competes against private-equity-
owned businesses, which don’t have
the same time horizon to invest in
people and systems.
FirstService entered the restoration
business in 2019, and rebranded it as
First Onsite. It cleans up after broken
pipes, fires, weather disasters, and the
like. The commercial-restoration end
market is growing organically by the
mid-single digits. The playbook here
is similar to what FirstService did in
property management. It entered a
large, fragmented market, bought a
leading asset, and significantly in-
vested in upgrading underlying sys-
tems. The team then started doing
thoughtful acquisitions. Their human-
capital model is based on a lot of the
principles of decentralized leadership
and incentives articulated by Peter
Drucker.
This business has margins close
to 5%, which could expand to close
to double digits in the next couple of
years. In the past three or four years,
it has become structurally more diffi-
cult to manage service businesses.
The best companies have a competi-
tive advantage in understanding how
to develop a strong culture, offer the
right incentives, and recruit and retain
people.
Tell us about the stock and the
valuation.
Ellenbogen: We expect FirstService
to earn close to $5.50 a share this year.
Assuming it retains its current multi-
ple, the stock could climb to $135 to n Meryl Witmer manufacture bearings for specific What did RBC acquire?
$165 from a recent $128. General partner, equipment. Ellenbogen: RBC bought the Dodge
Eagle Capital
My next pick, RBC Bearings Partners, RBC’s products account for about power-transmission business from
[RBC], has been run by the same New York 2% of customers’ end costs, but are ABB [ABB], doubling its annual
management team for the past 20 vital for success. Also, the company sales to $1.2 billion. The deal in-
years. They, too, have an ownership has a strong footprint in the U.S., creased the industrial business to
mind-set. The company has been pub- which many customers want. Gross 65% of the total, lowered the com-
lic for 17 years, and has compounded margins exceed 40%, and Ebit [earn- pany’s cyclicality, and increased or-
wealth by 17% annually. RBC has al- ings before interest and taxes] mar- ganic revenue growth. RBC delivered
ways been a good business. It got bet- gins are more than 20%. Aerospace well on synergies, and took Dodge’s
ter in the past year, based on an at- and defense accounts for 35% of total growth margins from about 35% to
tractive acquisition. The company sales. Sales are still 15% below 2019’s 40%. It has gained share as aero-
manufactures precision bearings, level because of the aerospace cycle. space companies have consolidated
which enable movement and reduce David alluded in his opening remarks behind their best suppliers.
friction in industrial machinery. It to what happened with commercial We expect revenue to grow by 8%
partners with OEMs [original equip- aviation in recent years. Even with all to 10% organically for the next few
ment manufacturers] to design and of the stresses, margins are flat. years. Operating leverage from the
26
Dodge deal and an upturn in the aero-
space and defense cycle, combined
with some paydown of debt, will lift
growth in earnings per share. We ex-
pect RBC to earn close to $7 a share
this year, and $9 in the next calendar
year, even with a recession. Free cash
flow is about 10% to 15% more than
earnings per share. We see the stock
trading somewhere between $230 and
$280 in a year, up from a recent $225.
What is your third pick?
Ellenbogen: Abcam [ABCM] has a
$3.3 billion market cap. It is the lead-
ing supplier of antibodies to scientific
researchers—a pick-and-shovel play
on global drug development. In De-
cember, the company changed its list-
ing from the U.K. to the U.S., and had
to transition its investor base. Second,
it is a one-off business, something the
market doesn’t like. It doesn’t under-
stand the economics of the business.
In the past six years, Abcam transi-
tioned its business to 65% antibodies
and 35% proteins. By investing in sys-
tems and people, it took its Ebit mar-
gins down from 36% to 23%. Many
other companies in this market gener-
ate 40% to 60% Ebit margins. We
believe that Abcam is exiting its in-
vestment phase and will see mid-teens
growth in the next three years, driving
BARRON’S
Ebit margins to the mid-30% level in
that period. Also, its current private
market value is likely twice its current
price. Companies such as Thermo
Fisher Scientific [TMO] and Perkin-
Elmer [PKI] have bought similar as-
sets for double Abcam’s price.
Like ball bearings, antibodies are
essential products. The market share
of specific antibodies rises as they are
cited in scientific journals. Abcam has
25% of its core antibody market, and is
n William Priest
gaining share. It also will be investing
Executive Chair- in bioprocessing. In the next three
man and co-CIO, years, Abcam could grow its top line
Epoch Investment
Partners, at a mid-teens rate, and margins are
New York expanding. Assuming it holds its cur-
January 16, 2023
rent P/E, the stock could trade up to
$20 to $24 in 2025 from a recent $16.
Why are you investing mostly in
mid-caps?
Ellenbogen: Smaller stocks are the
most attractive part of the market, not
only because of the drop in valuations,
but because the selloff in stocks that
came public in 2020 and 2021 has
created tremendous opportunities. For
many years, the number of small com-
panies in the market was shrinking.
In the past couple of years, it has
grown again. At the same time, not
many people are spending time doing
research in this area, for a variety of
 January 16, 2023 BARRON’S 27

reasons. cash-flow margins for the past 12

In the aftermath of the 2000 TMT
[telecom, media, technology] bubble,
unprofitable companies that became
profitable proved to be some of the
best stocks for the next decade. IPOs
from the class of 2021 are down about
65% in price. That is an attractive
area.
My next selection, Clear Secure
[YOU] has a $4.2 billion market cap.
It operates a biometric-based security-
verification system at airports. The
business benefits from a network ef-
fect, which allows it to add customers
and improve retention. There is signif-
icant growth left in its core business,
and it will be profitable this year.
Clear is not only adding to its air-
port density, but also expanding the
system to include hotels, rental-car
companies, and sports stadiums.
About 45 million Americans take
more than four trips a year, and 15
million take close to 10 trips. This is a
financially attractive demographic, as
those in this room know. Clear’s sub-
scription service has more than five
million customers, and revenue has
been compounding by more than 30%
since 2019. We expect membership to
more than double over the next four
years.
Desai: Isn’t the business model’s suc-
cess self-defeating? As more people
use it, that will slow the security-
clearance process.
Ellenbogen: In some of the busiest
airports in the country, such as At-
lanta, throughput has doubled with a
combination of Clear and the use of the
government’s TSA PreCheck. Only
10% of Clear’s costs go to sales and
marketing. The best advertising is the
chaos at our nation’s airports. It is diffi-
cult these days to sign up for TSA Pre-
Check; there are many delays. Clear is
going to enroll people in TSA on behalf
of the government, which will become
an attractive revenue driver.
There is a large short position in
the stock. What is the bear case?
Ellenbogen: To analyze a subscrip-
tion model like Clear when it is grow-
ing fast, one must realize that the
company first generates free cash flow,
then Ebitda, and then earnings per
Photograph by Rick Wenner
months. We expect the company to
generate close to $1 a share in free
cash in 2023. Clear has more than $5 a
share in net cash on its balance sheet,
and management is starting to return
cash to holders. The company paid a
special dividend last year, and has
started to buy back shares. From a
valuation perspective, we view the
stock as attractive. Clear’s combina-
tion of growth, profitability, and free-
cash-flow multiple is a setup for
outperformance. As we look out to
2024, we think a network asset with
mid-20% free-cash-flow-per-share
growth can trade at a multiple of 22 to
25. We apply that to our 2025 estimate
of $1.60 in free cash flow per share, to
which we add $7 in cash. This yields a
2024 price of $40 to $46 a share, up
from a recent $27.
What is your final name?
Ellenbogen: Duolingo [DUOL] has a
$2.9 billion market cap. It is a digital
education company and the dominant
provider of language-learning soft-
ware. Its core business, which is
global, is 10 times larger than any
other provider. The underlying tech-
nology platform will provide attractive
adjacencies for growth.
Language plays a key role in our
world. If you grew up speaking Eng-
lish, you might not appreciate that
learning a new language, in particular
English, unlocks economic opportu-
nity. Duolingo was co-founded by a
professor of machine learning at Car-
negie Mellon University to make lan-
guage education universally accessi-
ble. It was based on a videogame
format; it was free, and it was the best
product of its kind on the market.
The core business generates about
$400 million in annual revenue and
is growing by 40%. The market has
underestimated Duolingo because
there is nothing like it, and because
user churn is high. The average
subscriber stays on for eight to 10
months. But many of these customers
come back. It reminds me of Netflix
[NFLX] in its early days, when peo-
ple focused on the churn. There are
a lot of similarities.
Witmer: Is it still free?
Rupal J.
Bhansali
CIO and portfolio
manager,
International &
Global Equities,
Ariel Investments
New York
Admiral Group
AMIGY
$26.91
GSK
GSK
$34.92
TIM
TIMB
$11.40
Telefonica Brasil
VIV
$7.30
Price as of 1/6/23
Source: Bloomberg
English test that competes with stan- companies like Clear and Duolingo
dard tests for foreign students seeking are already public and competing for
admission to U.S. schools. small-cap growth capital. Second,
We like the stock because we expect with rare exceptions, companies that
the company to show operating lever- come public will need to be profitable,
age this year. It is trading for $72, or as was the case from 2002 to 2010.
30 times 2023 estimated cash flow of
$90 million. In 2025, Duolingo could Thanks, Henry. Let’s hear from
generate more than $200 million in Rupal.
free cash flow. At a similar valuation, Bhansali: For investors, managing
the stock could trade up to $125 to risk in 2023 will be as important as
$150 next year. managing returns. If QE turns to QT
and negative real rates turn positive,
Are you learning a language? all risk assets will continue to be re-
Ellenbogen: If I were to learn a lan- priced down. We are still in the early
guage, I’m sure people in this room innings of earnings compression, mul-
would want me to brush up on my tiple compression, and risk compres-

share. GAAP [generally accepted ac-
counting principles] accounting is
better suited to transactions than sub-
scriptions. Also, there has been a de-
bate about the size of the market. TSA
PreCheck has 10 million members.
Clear recently reported 40% free-
Ellenbogen: Yes, but there are also
payment tiers. AI was built into the
company from day one, and Duolingo
is introducing a new paid program
that will allow for one-on-one tutoring
using AI. We think of this as a free
option. The company also offers an
English.
What will the IPO market look like
this year?
Ellenbogen: I expect the market to
reopen, but in a relatively muted way.
There are two challenges. Attractive
sion, so I would prefer to focus on
capital preservation rather than ap-
preciation, which will be hard to come
by. In such times, dividends can cush-
ion the blow to help generate positive
total returns. All of my picks have
recession-resilient revenue, strong
28
balance sheets, and stocks that are
out of favor, allowing me to buy qual-
ity on sale.
I continue to like Direct Line
Insurance Group [DLG.UK], but
this year I am recommending another
U.K. insurer, Admiral Group, which
trades in the U.S. via an ADR [Amer-
ican depositary receipt, AMIGY].
Admiral has an asset-light business
model because it is mostly a distribu-
tor of auto-insurance policies, rather
than an underwriter. It cedes a lot of
the underwriting risk to reinsurance,
but still got hit hard last year be-
cause of high claims inflation on the
risks it retains. We all know how
much used-car prices went up, and
how spare parts were in short supply.
This is costly for an auto insurer, be-
cause it has to repair or replace a car
damaged in an accident.
Admiral is a play on falling claims
inflation. Because of this inflation, the
entire U.K. auto-insurance industry is
raising prices. The company’s earn-
ings are going up because it has raised
prices, just as claims costs are starting
to fall. Insurance and financial busi-
nesses generally have low returns on
equity, but Admiral is an exception
because it is more of a distributor.
ROE is in the 30% to 40% range. The
stock fell last year, giving investors a
dividend yield that will be close to 5%
this year. It has a high P/E multiple of
16 times earnings, again because of its
asset-light model.
How is Admiral affected by the
economic problems in the U.K.?
Bhansali: The U.K. is one of the
cheapest markets in the world, but
when the risk is in the price, it is a
risk worth taking. In 2022, investors
were worried about investing in Eu-
rope because of the Ukraine war, but
European stocks outperformed the
S&P 500. This speaks to the power
of nonconsensus investing.
My second pick, GSK [GSK], is
also a U.K. stock. The U.K. is one of
the most out-of-favor and cheapest
markets in the world. GSK is a health-
care company, and healthcare tends to
be recession-resilient. The stock took
a hit because of a lawsuit regarding
Zantac, an antacid that has been on
the market almost 40 years. We don’t
expect class-action suits to result in
the tens of billions of dollars of dam-
ages that the Street is worried about.
Plaintiffs allege that there is a link
between Zantac and cancer, but a
recent verdict in Florida suggests
BARRON’S January 16, 2023
that is not the case. How concerned should investors ative. No government is likely to stand
The other big risk with a pharma be about the recent political dis- in the way of that. Telecommunica-
company is generics, but GSK has no turbances in Brazil? tions have revolutionized life in many
risk of genericization for at least for Bhansali: We have seen political un- emerging markets because it has de-
the next three years. The stock trades rest in other parts of the world when mocratized access to financial services
for 10 times 2023 expected earnings, there have been upset political victo- and many social services. The political
compared with the pharma sector’s ries. The telecom industry is less vul- risk to this industry is far less than for
P/E of 17 times, even though it has a nerable to macro headwinds or policy some other industries. Because the
decent growth. turmoil because its products and ser- broader Brazilian stock market has
vices are necessities. I consider tele- fallen, you are getting a higher poten-
How much does it yield? com the new consumer staple. In a tial return for a risk that you aren’t
Bhansali: The stock yields 2.9%, n Mario Gabelli digital world, having access to fiber assuming.
Chairman and CEO,
which isn’t high. Gamco Investors, and 5G networks, which both of these
My next picks are in Brazil, as was Greenwich, Conn. companies are rolling out, is an imper- Thank you, Rupal. B
one of my 2022 picks, which did ex-
tremely well. People were concerned
about investing in Latin America and
emerging markets in general, and
there was an election cycle that caused
the market to get hit hard. Yet, Brazil
turned out to be one of the best-per-
forming markets with one of the best-
performing currencies in 2022. Once
again, people overreacted, and the risk
was more than priced in.
The wireless telecom industry has
been a beneficiary of consolidation in
Brazil. The regulator recently ap-
proved the sale of wireless assets by
Oi, formerly the fourth-largest player
in the market, to the other three play-
ers in the market, including TIM
[TIMB]. This in-market consolidation
helps profitability and growth.
TIM is a wireless pure play, with
a P/E of about 15 times forward 12-
month earnings. The dividend yield is
about 6.5%. Given my view that most
international currencies are likely to
appreciate against the dollar, one can
make greater dollar returns owning
TIM ADRs.
Telefonica Brasil [VIV] is an in-
tegrated fixed-line and mobile telecom
operator investing heavily in fiber and
5G. In the U.S., fiber investments can
be expensive because of the cost of
construction and a unionized labor
force. But in Brazil, it is quite low-cost
to bring fiber into homes. It isn’t laid
in the ground but strung on wires
above the ground, and the regulatory
and permitting environment is quite
relaxed. In the aftermath of Covid and
work-from-home, everyone wants to
have wireless internet at home. Tele-
fonica is in a competitive position in
the state of São Paulo, the biggest
state in Brazil. It is a beneficiary of
the wireless industry’s consolidation
in Brazil. The stock trades for about
14.5 times 2023 estimated earnings,
with a dividend yield of about 7.5%.
Both stocks are equally compelling
from a valuation perspective.
January 16, 2023 BARRON’S 29

POCKET MONEY
GE T THE TOOL S , INSIGHTS
AND EXCLUSIVE CONTENT
WITH THE MARKETWATCH APP.

C A N
S E CO D E
TH
E T
G APP
THE

@2022 DOW JONES & COMPANY,INC. ALL RIGHTS RESERVED. 4E6047

30
The ‘Secret to Binance’s
Success’ Raises Alarms
Among Labor Experts
Binance has an international network of volunteers
known as Binance Angels. These influencers are
working for company swag but hoping for jobs.
BY ROSALIND ADAMS
C
heikh Kante first learned
about cryptocurrencies in
a college economics class
in Senegal. He soon started
trading crypto because he
was attracted to the con-
cept of an alternative mon-
etary system. About a year ago, the
28-year-old applied to become a
Binance Angel—the name of the
unpaid volunteer program run by
Binance, the world’s largest crypto-
currency exchange.
The program is promoted by Bi-
nance using enticing videos featuring
lively company events and volunteers
in corporate swag. In 2022, Binance
had 380 active Angels in 81 countries.
The company’s CEO has called the
volunteer unit the “secret to Binance’s
success,” but experts say the program
could skirt various labor laws in the
U.S. and abroad.
The Angels receive various benefits
from Binance, including online classes
and discounts on trading fees, but
internal documents reviewed by Bar-
ron’s show the significant workload
required by the program. Angels
are responsible for running social-
network channels, planning extensive
events and meet-ups, and testing new
products. They’re given scripts on
how to manage customer relation-
ships and aren’t allowed to promote
other cryptocurrencies. The work is
closely monitored by supervisors to
ensure they are upholding the stan-
dards of the brand.
“For New Angels, termination
can happen as a result of their Angel
Evaluation carried out every quarter,”
according to a 10-page set of internal
guidelines viewed by Barron’s.
The guidelines, which are given to
new recruits, state that “Angels are
BARRON’S
more than volunteers. They’re repre-
sentatives of Binance’s vision. Angels
are people who want to contribute
toward Adoption and Freedom of
Money.”
The type of work done by the
unpaid Angels raises alarms among
employment experts. Matthew Finkin,
a professor of employment law at the
University of Illinois, says the pro-
gram sounds like a “way to get free
labor.”
Binance declined to answer specific
questions about its Angels program.
January 16, 2023
In a statement, a spokesperson for the
company said that “the Binance Angel
program is an ambassador program
like any other ambassador program at
a major corporation. Binance Angels
are volunteers—they are not Binance
employees and they do not receive
Changpeng Zhao, remuneration from Binance.” The
the Chinese-born company says it doesn’t give Angels
billionaire who
runs Binance, has
access to internal company systems.
often expressed Angels often stick with the pro-
his gratitude for the gram in hopes of landing a job with
cryptocurrency’s
international net- Binance, though only a few get that
work of volunteers. opportunity. In one video promoting
its Angels program, the company
notes that “many Angels have even
become Binance employees. The
possibilities are really endless.”
Binance told Barron’s it hired 20
Angels out of the program last year—
or about 5% of the group. Binance had
7,500 employees at the end of 2022.
Angels choose specific concentra-
tions, such as working in content cre-
ation, product technology, or public
relations. Applicants accepted to the
program are subject to a period of
Photographs by Benoit Tessier/Reuters/Alamy (left); Sasha Maslov
probation in which their interactions
with other users are monitored for
several months before they can be-
come an “Official Binance Angel.”
Changpeng Zhao, the Chinese-born
billionaire who runs Binance, often
expresses his gratitude for the unpaid
workforce. In a recent tweet, he wrote
that “Binance Angels are community
volunteers. Not paid by Binance. We
highly appreciate their contributions
to our community. I try to meet them
wherever I go.”
Kante, who says he trades crypto-
currencies on the Binance exchange,
looks up to Zhao. As an official Bi-
nance Angel, he dined with him in
January 16, 2023 BARRON’S 31

July while the CEO was in Dakar to

meet the president of Senegal and the
head of the Central Bank of Western
African States. Zhao later tweeted
photos.
“He is truly a humble man,” Kante
says of Zhao. Over the meal, which
included Binance Angels living in
Benin and Burkina Faso, the group
discussed how to promote crypto
adoption in their communities within
Francophone Africa, Kante says. So
far, Kante’s only payment from the
company has come in the form of
corporate swag such as hoodies and
T-shirts. In the future, Kante hopes
he can work at Binance as a full-time
employee.
“Yeah…I wish…one day,” Kante
wrote to Barron’s via WhatsApp. In
the meantime, as an Angel he helps
run a Binance channel on Telegram
while planning a Binance meet-up in
Senegal at the end of January with the
company’s marketing team. Kante also
trades different coins with a friend on
the Binance platform.
Multiple current and former Bi-
nance Angels living in Latin America,
Africa, and Europe say they joined the
Angels program in search of work
experience, often hoping for the op-
portunity of a full-time job with the
company.
At many companies, corporate
brand-ambassador programs are paid
positions in some form. Clothing com-
panies, for example, typically offer
discounts on their products or store
credits in exchange for social-media
posts about their brand. Larger corpo-
rations such as Ralph Lauren and
Asics have current job postings for
brand ambassadors that pay $14 to $19
an hour. It isn’t unusual for global
corporations to pay thousands of dol-
lars to influencers for a sponsored
post on Instagram or TikTok, depend-
ing on a user’s follower count.
Binance Angels receive benefits
like company swag, access to Binance
events, online English courses, and
the chance to meet Zhao. Many partic-
ipants spoke positively of being a Bi-
nance Angel. “As long as they’re not
being misled, if these people actually
want to do this and not be paid, that’s
their call,” says Omid Malekan, a
Columbia Business School professor
who has written several books about
cryptocurrencies.

Fedir Makarchuk, one of the Binance Angels,

at a co-working space in Kyiv, Ukraine.
32 BARRON’S January 16, 2023

But the lack of monetary compen-

sation is troubling, labor experts say.
“The more that Binance seeks to
control what influencers do and how
they do it, the greater the likelihood
that they could be at risk of creating
an employment relationship under
federal and state law,” says J.H.
Verkerke, who heads the employment
and labor-law studies program at the
University of Virginia School of Law.
While Binance uses language such
as “mission driven” to describe its
volunteer program, as a for-profit
company it is subject to the Fair Stan-
dards Labor Act, says David Weil, the
head of the Wage and Hour Division
of the U.S. Department of Labor from
2014 to 2017. That 1938 law estab-
lished minimum-wage standards and,
more recently, the standards of intern-
ships in the U.S.
“Under the laws of the U.S., this
would be extremely suspect,” says
Weil, who is currently a professor at
Brandeis University’s Heller School
for Social Policy and Management.
The program, he says, “reeks of some-
one using their economic leverage to
get free work. That would be unac-
ceptable under the Fair Labor Stan-
dards Act.”
The former Binance Angels who
spoke to Barron’s don’t live in the
U.S., so the Fair Labor Standards Act
doesn’t apply to their volunteer work.
But international experts say the
Binance Angels program raises red
flags in various jurisdictions.
Miriam Cherry, a professor at St.
John’s University School of Law and which domestic laws the company of rival crypto firm FTX, Binance has Androux Reabow, the U.S. force Coinbase to disclose
a Binance Angel
formerly a visiting research scholar at was following, a Binance spokesper- faced doubts about its own business in London, says he quarterly financials and other busi-
the International Labor Organization, son said, “We carry out periodic re- as well as the safety of deposits on its often worked more ness information. Privately held Bi-
than 12 hours a
or ILO, says that 90% of countries in views of the program in the jurisdic- exchange. In December, The Wall week for the volun-
nance isn’t subject to the same stan-
the world have minimum-wage laws. tions in which we operate in order Street Journal reported that the com- teer program. dards. The company declined to
One test for evaluating volunteer to ensure we are in compliance with pany faced billions of dollars of with- answer questions about where it is
work, she adds, is the answer to the local laws.” drawals from users over just a few headquartered, noting that it has
question: “Are you doing work that an Cherry says it’s often difficult to days. Auditing firm Mazars, in paus- regional offices in Dubai and Paris.
employee would normally do? Would enforce labor standards across inter- ing work for crypto clients, pulled It frequently describes itself as an
this be something that’s normally national borders. The ILO, a special- a report from its website about international company.
paid?” ized agency of the United Nations, Binance’s reserves. Zhao himself is often on the move.
“They’re a for-profit company, and aims to develop international stan- Binance said at the time that He recently tweeted that he spent 580
these workers are doing activities over dards around fair labor and work, Mazars’ action didn’t mean customer hours flying last year and visited 43
a sustained period of time,” Cherry but its conventions are nonbinding. funds were at risk. “We embrace addi- countries. The company has an inde-
continues. “This doesn’t seem to fall tional transparency, and we are look- pendent U.S. partner based in Califor-

L
into a gray area.” aunched in 2017, Binance is the ing into how best to provide those nia known as Binance.US. A spokes-
Binance Angels are “subject to largest crypto-trading platform details in the coming months,” it said. person for Binance.US says that it has
quarterly evaluations to determine in the world. It is private and Binance’s next-largest competitor its own volunteer Angels program that

Photograph by Olivia Harris

activity and performance across An-
gel’s local communities” and may be
terminated from the program for poor
performance or lack of responsive-
ness, the Binance Angel guidelines
state.
In response to questions about
doesn’t publicly release infor-
mation about its financial results. In
2022, the platform handled an average
trading volume of about $66 billion
each day, according to figures pro-
vided by the company.
Since the collapse and bankruptcy
now is the U.S.-based Coinbase
Global (ticker: COIN), which went
public on the Nasdaq exchange in
April 2021. Coinbase has seen its
market value fall from $75 billion to
$10 billion over the past 14 months.
Public-company requirements in
is similar to Zhao’s original vision.
Regardless of location, Angels’
main responsibilities are to monitor
social networks like Telegram and
Discord and plan events in local com-
munities, according to interviews and
documents.
January 16, 2023
Ángel González, 22, spent a year
as a Binance Angel working in Vene-
zuela. He joined because of his interest
in crypto and to get professional expe-
rience. “It’s a volunteer program, but
you work with the marketing depart-
ment, all the interns, and you can get
some very good experience there with
a professional team,” he says.
The guidelines for Angels include
a recommendation to plan events for
a minimum of 100 attendees.
“Meet-ups can be both formal and
informal—but the key is engaging,” the
guidelines state. “As long as Binance
fans can mingle and share their love
for the brand on- and offline, we’re
happy to welcome your ideas and sup-
port you throughout the process. We
want our Angels to feel empowered!”
González eventually left the pro-
gram because he accepted a paid posi-
tion with a different cryptocurrency
company and didn’t have time to man-
age his unpaid volunteer work at the
same time.
Fedir Makarchuk, who lives in
Kyiv, Ukraine, was also looking for
experience working in the world of
crypto when he joined the Angels
program in 2021. He was initially
rejected for paying jobs in the field
but got an interview to become a
Binance Angel and decided to join.
A
fter signing on, Binance An-
gels are required to create new
aliases to access Binance’s
Telegram channels in order to
separate their work from personal
accounts, according to the company’s
guidelines. Makarchuk got a separate
telephone number to monitor Bi-
nance social networks as an Angel,
at the company’s request.
“We want to make sure that we
have the right people, and we take
security seriously in this space,” a
Binance spokesperson said in re-
sponse to questions about its proba-
tion period for volunteers.
Binance Angels are given scripts
for how to reply to routine customer
queries like, “How does Binance en-
sure my funds are safe?” according to
documents reviewed by Barron’s.
“Good question,” the script says.
“In crypto, security is directly linked
to what type of ‘wallet’ you use.” The
script notes that Binance is a digital
wallet that might be vulnerable to
outside hacks, but adds, “Thankfully,
Binance has a SAFU fund which is a
separate fund dedicated to safeguard-
ing Binance from these types of
BARRON’S
hacks.” (SAFU refers to a Secure As-
set Fund for Users.)
Makarchuk, 31, credits the Angel
program with helping him get a job
six months later. “It can be used as
a great lift for sort of boosting your
career in crypto,” he told Barron’s.
Androux Reabow, a Binance Angel
in London, says the volunteer position
was all-encompassing. “They wanted
you to do about 12 hours a week, but
generally I did quite a bit more,” he
says. It became a part of his daily
routine: “I could be out and about
responding on Telegram or Discord,”
he explained.
“There is no requirement to un-
dertake work,” a Binance spokesper-
son says about the program. “Bi-
nance Angels are not given access
to Binance equipment or Binance
internal systems.”
The Binance Angel guidelines indi-
cate that it is “strictly forbidden to
advertise any external/premium
groups or other crypto projects.”
Reabow, like González and Ma-
karchuk, spoke positively of the Angel
program. He, too, ultimately stopped
working as a Binance Angel because
he got a job working in crypto.
Weil, the former head of the De-
partment of Labor’s Wage and Hour
division, says Binance Angels’ hope
for full-time positions with the com-
pany makes the program sound essen-
tially like unpaid internships, which
were the subject of a high profile legal
dispute during his tenure at the
department.
In 2011, two Fox Searchlight in-
terns sued their employer, arguing
that the work was a violation of the
Fair Standards Labor Act. (At the time
the suit was filed, Fox Searchlight was
owned by News Corp, which pub-
lishes Barron’s.)
A class-action settlement was later
reached that compensated some for-
mer unpaid interns for their work.
In 2015, the U.S. Second Circuit Court
of Appeals said that it was too rigid to
classify unpaid interns as full-time
employees, but ruled that there had to
be some educational value or training
as part of the internship in order to
justify not paying them.
“The law in this country is partic-
ularly strict about for-profit enter-
prises offering unpaid internships
because of the concern over exploita-
tion and employer leverage and
power,” Weil says, “which is the
whole reason we regulate labor
markets in the first place.” B
TECH TRADER
The Regulatory Threat to
Tech Is Still Growing
By Eric J. Savitz
W
ith a divided Congress now
in charge, the near-term
prospects for legislation reg-
ulating the technology giants
looks uncertain at best. But there are still
major legal and regulatory events coming
this year for the tech sector.
In an interview with Barron’s this past
week, Paul Gallant, policy analyst at Co-
wen Washington Research Group, rattled
off a long list of key moments ahead for
tech investors. Even without major moves
from Congress, 2023 is shaping up as a
year in which the government will have a
big impact on tech. Here are some of the
key stories and questions to watch:
Section 230: “I’ve long said we must
fundamentally reform Section 230 of the
Communications Decency Act,” President
Biden wrote in a Wall Street Journal op-ed
this past week. While Congress may not
act, the Supreme Court will hear arguments
in late February on two cases that could
trigger changes in Section 230, which pro-
tects social-media platforms from legal lia-
bility over user content. Both cases—Gonza-
lez v. Google and Twitter v. Taamneh—
involve the use of social-media platforms by
ISIS terrorists. The court will address
whether social-media services did enough
to block terrorists from their platforms. A
ruling is expected in June.
Search: Coming this September is the
U.S. v. Google, the longstanding Depart-
ment of Justice case asserting antitrust vio-
lations by the search giant. The crucial
question is whether Alphabet’s (ticker:
GOOGL) Google has furthered a monopoly
by paying Apple (AAPL) for the right to be
the preferred search engine on Apple de-
vices. Any ruling that breaks up the cozy
relationship would be bad for both sides—
Apple provides more than half of Google’s
search traffic, according to some estimates,
while collecting an annual fee reportedly
above $10 billion. (The actual number isn’t
disclosed.) A court-ordered change could
33
be a big win for Microsoft (MSFT) Bing.
Lina Khan: Gallant says the stage is set
for Federal Trade Commission Chair-
woman Lina Khan to flex her regulatory
might. He sees Khan filing an antitrust
case against Amazon.com (AMZN), citing
a variety of anticompetitive behavior, like
favoring its own products in search. He
also sees the FTC opposing Amazon’s
pending bid for Roomba vacuum cleaner
company iRobot (IRBT). And he thinks
the FTC this year is likely to propose
tough new data-privacy rules.
Ride Sharing: Remember Prop 22? The
measure was approved by California voters
in November 2020 and exempted gig-econ-
omy companies from a California law clas-
sifying drivers as employees rather than
contractors. A California court found Prop
22 unconstitutional, and the companies
appealed. A state appeals court is expected
to rule in March. Gallant says the case will
likely be appealed to the state Supreme
Court, no matter who wins. He notes that
the Department of Labor is wrapping up a
rule-making process on the same question.
If the department adopts tougher rules on
job classification, the Biden administration
might sue gig companies like Uber Tech-
nologies (UBER) and Lyft (LYFT), he says.
LiveNation: It isn't a tech company per
se, but LiveNation Entertainment (LYV)
is dealing with similar platform issues. Gal-
lant sees a 60% chance the DOJ files an
antitrust suit seeking to undo LiveNation’s
2010 deal for Ticketmaster.
TikTok: Gallant sees a 40% chance
that Congress bans TikTok this year. Keep
an eye on how President Biden leans.
“There’s a tug of war in the White House,
with political staff viewing it as a tool to
elect Democrats, and the national-security
staff viewing it as a Chinese spying de-
vice,” he says. Gallant asserts the most
likely move would be to demand TikTok
parent ByteDance sell the U.S. business—
an approach that would echo the Trump
administration’s position. If China rejects
that idea, the result could be a ban. B
34
FU N DS
Foreign Small-Cap Funds
Are Too Cheap to Ignore
By Lewis Braham
A L
fter last year’s bear market, U.S.
small-cap stocks look inexpen-
sive. Foreign small-caps look
even cheaper.
These stocks are a “slam dunk,” says
Ryan Myers, co-manager of the Causeway
International Small Cap fund (ticker:
CVISX). He points out that the MSCI
ACWI ex USA Small Cap Index trades at
a price/earnings ratio of 12.2 versus the
MSCI US Small Cap Index’s 17.3. Myers’
fund, which focuses on undervalued
small-caps, has a P/E of 5.9.
The other potential advantage for for-
eign small-caps is currency. In the third
quarter of 2022, the euro and Japanese yen
were as cheap relative to the dollar as they
had been in 20 years, with the euro at 96
cents on Sept. 27. More recently, one euro
traded at $1.07—still a significant discount
to where it has traded historically. The yen
has followed a similar pattern.
The dollar has been extremely strong,
with foreign investors attracted by higher
payouts on U.S. Treasury bonds since the
Federal Reserve started raising interest
rates. As rates in the U.S. peak, foreign
small-caps should benefit from their cur-
rencies strengthening against the dollar.
“We’re still operating in a heavily
discounted [currency] environment and
heavily discounted stock valuations,”
says Jonathan Brodsky, co-manager of the
Harbor International Small Cap fund
(HIISX). “And when it comes to investing
capital outside the U.S., there’s a lot of
academic research that shows diversifica-
tion benefits accrue more to small-cap
stocks than large-cap stocks.” Stocks of
large foreign multinational companies
tend to behave like large U.S. ones.
Since Brodsky and his co-manager,
Waldemar Mozes, took over the Harbor
fund in 2019, it has significantly outper-
formed its peers in Morningstar’s Foreign
Small/Mid Value category, almost dou-
bling the category average’s 3% three-year
BARRON’S
annualized return. The fund typically
owns only about 60 high-quality stocks.
Brodsky says that investors should be
wary of indexing foreign small-caps, call-
ing it a “scattershot approach” where in-
vestors end up with a “lot of lower-quality
stuff,” as many foreign markets aren’t as
regulated as they are in the U.S.
A recent purchase for Brodsky is Fuji
Seal International (7864.Japan), a Japa-
nese packaging company that makes com-
pact plastic pouches for food and drinks
that save space and reduce waste. Brodsky
notes that Japanese stocks in general have
improved their corporate governance in
recent years to focus more on shareholder
value. Japanese stocks make up 23% of his
portfolio.
Overseas small-caps are poorly covered
by Wall Street analysts, so it’s easier for
managers to find bargains, says Amit
Wadhwaney, manager of Moerus World-
wide Value (MOWNX). This is especially
so in emerging markets. Currently, Wadh-
waney invests in Bancolombia (CIB),
which trades for less than its book value
and has a 10% dividend yield. Moerus
Worldwide was one of the few stock funds
with a positive return last year, up 6.2%,
but it was down 10% in 2020 as pricey
tech stocks surged during the pandemic.
Undiscovered foreign small-caps seem
particularly well suited for value investors.
Manager David Iben of Kopernik Global
All-Cap (KGGAX) can buy stocks of any
size, but currently favors small ones, espe-
cially those in the Canadian gold mining
sector, such as Seabridge Gold (SA).
This isn’t to say there aren’t excellent
foreign small-cap growth funds such as
Driehaus International Small Cap
Growth (DRIOX) and Manning & Na-
pier Rainier International Discovery
(RISAX), but they’re out of favor. “Our
portfolio started [2022] with an average
P/E of 40,” says Rob Forker, co-manager
of Polen International Small Company
Growth (PBIRX). Now, after a 36% de-
cline in the past 12 months, its P/E is 21. B
I N C O M E I N V E ST I N G
The 10-Year Is Looking
Up, but Volatility Lurks
By Lawrence C. Strauss
onger-term Treasuries have been
something of a wasteland for
investors, but there are now
some signs of improvement.
The 10-year part of the yield curve “is
a reasonable place to be looking,” says
Kelsey Berro, a portfolio manager at J.P.
Morgan Asset Management, though it
depends “on your ability to withstand
volatility, and on your time horizon.”
The iShares 7-10 Year Treasury
Bond exchange-traded fund (ticker:
IEF) has a one-year return of minus
11.4%, including interest payments,
though it has performed better recently,
returning about 4% over the past three
months.
The 10-year Treasury’s yield has been
volatile, hitting its 52-week high of
4.23% on Oct. 24 before moving down
sharply to around 3.4% in early Decem-
ber. Then it reversed course again and
climbed to about 3.9% at the end of De-
cember, only to edge down to around
3.6%. (Bond prices and yields move in
opposite directions.)
Duration is a bond’s sensitivity to
changes in interest rates. Taking on
greater duration can mean holding addi-
tional longer-term bonds in a portfolio.
Those holdings are typically more sensi-
tive to changes in interest rates than
shorter-term bonds.
That has been a big issue for the past
year. In its effort to get inflation under
control, the Federal Open Market Com-
mittee boosted short-term rates seven
times last year, most recently to a target
range of 4.25% to 4.5%. That applied
pressure to bond prices. Berro notes the
“growing evidence that both inflation and
growth are rolling over—and it should be
translating into a weaker labor market
over time.”
She expects to see another rate hike or
two, which provides more visibility. “We
are getting more comfortable increasing
January 16, 2023
portfolio sensitivity to interest rates as we
approach the end of the [Federal Re-
serve’s] rate-hiking cycle.”
Berro believes there are opportunities
in high-quality holdings in the 10-year
part of the curve, including government
debt, corporate credits, and municipals.
B
ut the 10-year also poses risks,
including volatility. If the Fed
ends up having to push rates
higher and longer than the mar-
kets expect, it could pressure 10-year
Treasury prices, sending yields higher. “I
don’t think that the risk that’s embedded
right now in those longer-duration
[bonds] is worth taking,” says Yung-Yu
Ma, chief investment strategist at BMO
Wealth Management.
Ma is anticipating a softer economic
landing “where growth slows, but we
don’t go into a recession.”
As a result, he prefers the front end of
the yield curve, including the one-year
Treasury, which yields about 4.75%,
more than a percentage point over the
10-year note’s yield.
“The extra yield pickup is worth it,
rather than locking into something lon-
ger,” Ma says, noting that he sees fed
funds peaking at about 5%.
Ma views the 10-year Treasury as
“very expensive protection right now,”
adding that “you’re giving up some yield,
and you are taking on some risk that [10-
year] yields actually climb higher.”
Even if the Federal Reserve keeps rates
higher for longer, there is at least a silver
lining for 10-year Treasuries. The yield is
currently around 3.6%, compared with
some 1.6% 12 months ago, before the Fed
began hiking rates. “That [difference]
also provides additional cushion if yields
were to rise or stay stable,” says Berro.
The 10-year part of the yield curve still
poses many risks, especially if inflation
remains higher for longer. But it’s defi-
nitely worth careful consideration—even
as a small allocation. B
 January 16, 2023
THE EC ONOMY
The Market’s Sunny
View of Inflation May
Be Far Too Optimistic
D
id Dr. Pangloss earn
his Ph.D. in eco-
nomics? It would
seem so.
In Voltaire’s Can-
dide, Dr. Pangloss
declared it to be the
best of all possible worlds, notwith-
standing the evidence around him.
And, to be sure, things are getting
better, the markets and the media
increasingly agree, at least in terms of
inflation abating.
But they may be putting a Pangloss-
ian shading on the improvement and
ignoring underlying, yet still nettle-
some, aspects. Price pressures are
lessening, albeit from their worst lev-
els in four decades last year. Markets
are anticipating not only a slowing in
the pace of Federal Reserve interest-
rate hikes, but also cuts by the end of
2023—even though inflation will still
be running above the central bank’s
2% target, while forecasts of a reces-
sion remain just forecasts, not fact.
The latest reading on the consumer
price index matched economists’ opti-
mistic estimates. The widely watched
inflation gauge actually dipped in De-
cember, by 0.1%, largely as a result of
a 9% plunge in gasoline prices. The
so-called core rate, which excludes
food and energy costs, was up 0.3%,
in line with forecasts. More to the
point, core CPI has slowed to a 5.7%
year-over-year rate of increase from a
Jeenah Moon/Bloomberg
40-year peak of 6.7% in September.
But Michael Lewis, head of the Free
Market consultancy, cautions that
other measures that delve deeper in
the data “might tell another, less san-
guine but more accurate, story,” he
BARRON’S
writes in a client note. The Atlanta
Fed’s measure of “sticky” prices was
up 6.7% from a year earlier, while the
Cleveland Fed median CPI rose 6.9%
in that span, showing little net im-
provement over the past year.
Instead of just tossing out food and
energy, as the core CPI does, Cleve-
land takes out the most volatile items
By Randall W. each month, while Atlanta focuses on
Forsyth the most stable prices. Fed Chairman
Jerome Powell has cited these mea-
sures in the past. Lewis notes that
these data are a key reason he has
cautioned against overconfidence in
the central bank’s inflation fight.
Medical-care services have been a
major factor in dampening inflation, at
least as the Bureau of Labor Statistics
measures them. This category was up
just 0.1% in December, after respective
Healthcare workers
on strike in New
York City: Medical
costs are likely to
show a sharper
increase in the
December producer
price index, to be
reported this
coming week.
Broader measures favored by the Federal
Reserve are likely to show greater upward
pressure on labor costs than optimists expect.
declines of 0.7% and 0.6% in the two
preceding months. That lowered the
year-over-year increase in medical-
care services to 4.1% in December,
which Citi economist Veronica Clark
calls “misleadingly soft.” Those costs
are likely to show a sharper increase in
the December producer price index to
be reported this coming week, which
will matter more for the Fed’s favored
inflation gauge, the core personal con-
sumption deflator, she writes.
Another alternative measure on
Powell’s radar has been core services,
excluding housing costs, which ac-
count for nearly one-third of the over-
all CPI. Fans of this measure say the
BLS’ method reflects the lagging effect
of past increases and ignores the more
recent decline in the pace of rent hikes
seen in online measures from Zillow.
This “core-core” ex-housing series
is the new-new thing in inflation
tracking because it is driven by all-
important labor costs. Inflation opti-
mists’ hopes were bolstered in a slow-
ing in average hourly earnings to a
4.6% rise in December from the prior
year. But broader measures favored
by the Fed are likely to show greater
upward pressure on labor costs.
The Employment Cost Index is
released only once a quarter, but is a
far more comprehensive gauge that
includes changes in the composition of
the workforce and benefits in addition
35
to wages and salaries. Compensation
costs were up 5.0%—and up 5.2% for
private-sector workers—in the 12
months ended Sept. 30.
The next ECI will be released Jan.
31, the first day of the coming meeting
of the Federal Open Market Commit-
tee, which will release its interest-rate
decision the following day. Look for a
continuation of the relatively rapid pay
gains, reflecting tight labor conditions,
evidenced in the most recent Job
Openings and Labor Turnover Survey
and the National Federation of Inde-
pendent Business survey, says Joshua
Shapiro, chief U.S. economist at MFR.
Such a pace of labor cost increases
would be consistent with inflation fall-
ing near the Fed’s 2% target only if pro-
ductivity were strong. But Neil Dutta,
head of economics at Renaissance
Macro Research, notes that productiv-
ity gains have been sluggish, only about
1%, versus the 5% lift in labor costs.
The risk for the Fed is that it may
pause its rate hikes while the economy
actually is accelerating—the opposite of
last year, when it sharply boosted rates
during a slowdown, he warns. Futures
markets are pricing in quarter-point
increases at the next two FOMC meet-
ings, to 4.75%-5%, which would mark
the peak, per the CME FedWatch site.
Overall financial conditions have
eased markedly, Dutta points out, re-
flecting the fall in Treasury yields,
credit spreads in the mortgage and
corporate markets, higher stock prices,
and particularly the dollar’s sharp
drop in recent months. The traditional
notion of monetary policy working
with “long and variable lags” is flawed,
he says. Instead, the lags have become
“short and predictable,” working
through the financial markets. Reflect-
ing this, Dutta notes, housing stocks
are “ripping,” up almost 40% from
their lows in mid-2022.
Despite persistent inflation and
lack of a recession—with record-tying
unemployment of just 3.5%—the mar-
kets anticipate that the Fed will pause
hikes and then cut rates by year end.
Based on this nonconsensus reading
of the underlying data, the markets’
optimism that has powered rallies in
bonds and stocks might be misplaced.
Sorry, Dr. Pangloss. B
36 BARRON’S January 16, 2023

MARKET WEEK
January 9 through January 13, 2023

Euro Trader P. 39 Power Play P. 42

Emerging Markets P. 39 Charting the Market P. 43
Striking Price P. 40 Winners & Losers P. 44
Commodities P. 41 Research Reports P. 45
Inside Scoop P. 42 Statistics P. 46
13D Filings P. 42

MARKET PERFORMANCE DASHBOARD

Dow Jones Industrials S&P 500 Nasdaq Composite Consumer Staples Select Sector SPDR ETF

34,302.61
52-wk: -4.48% YTD: +3.49% Wkly: +2.00%
3999.09
52-wk: -14.24% YTD: +4.16% Wkly: +2.67%
11,079.16
52-wk: -25.61% YTD: +5.85% Wkly: +4.82%
$74.74
52-wk: -2.97% YTD: +0.25% Wkly: -1.37%

10%
Laggards Lead Bank on It
Many beaten-down technology shares surged Fourth-quarter results from banks including 8
on Monday, while the overall market declined. JPMorgan Chase and Bank of America topped
The worst performers of 2022 were among the analysts’ expectations, sending shares higher. 6
biggest winners, including Tesla and Nvidia. Indexes ended the week solidly in the green.
4

-2
Positive Momentum Eyes on the CPI
Stocks rose in back-to-back broad rallies on December inflation data confirmed a slowing -4
Tuesday and Wednesday, fueled by optimism that pace of rising prices to end 2022. Stocks
the U.S. economy could achieve a “soft landing.” initially dipped on Thursday, then rallied -6
The Nasdaq gained 2.8% in two days. through the afternoon to close higher.
-8
Monday Tuesday Wednesday Thursday Friday Close
Source: Barron’s Statistics

G
enerationally high ner, closing up 4.8%. Car prices are also too high. The

THE TRADER inflation was the

story of 2022.
That’s not going
Inflation, while slowing, is still
here, though it might not be for much
longer. Signs of looming price declines
average new-car price in the U.S. hit a
record $49,507 in December, according
to data provider Cox Automotive.
to be the story of are starting to show up. Take apart- Those prices are starting to hit demand
2023. The boogey- ments, which about 40 million Ameri- as well, and forcing companies to re-
man of disinfla- cans call home. They felt the inflation- consider. Tesla (ticker: TSLA), for one,

What a tion—and even some deflation—is

about to become the biggest risk to
ary pain in 2022, with average rents
up about 7% year over year, according
cut prices for some of its vehicles by up
to 20% this past week as inventory

Turn to stocks, and investors are going to have

to figure out how to position portfolios
for falling prices.
By Al Root
Deflation U.S. consumer prices rose 6.5%
year over year in December, the sixth
Could Mean consecutive month the pace of pricing
gains decelerated. Investors were
For Markets pleased. The S&P 500 gained 2.7% for
the week. The Dow Jones Industrial
Average gained 672 points, or 2%. The
Nasdaq Composite was the big win-
to the Bureau of Labor Statistics. But
those high prices have started to
pinch, and now it seems like no one is
piled up and order rates took a dive.
Everywhere we look, the price of
goods is coming down. Steel? Alumi-
looking to move.
Real estate service provider Real-
num? Copper? Oil? Corn? They’re all
down 30%, on average, from the highs
Page notes that demand had “all but
evaporated” by the end of 2022. “Vol-
reached last year.
The one thing that isn’t coming
ume always precedes price,” says one
real estate investor, and he’s right.
down is wages, thanks to a labor mar-
ket that still looks strong, with job
Rents will have to fall to get people openings in the U.S. holding steady
thinking about moving again. between 10 million and 11 million. The
January 16, 2023 BARRON’S 37

combination of falling product prices with
a strong labor market isn’t great news for
investors, because companies will have to
pay more for workers but will receive less
for what they sell. Profit margins “are going
to compress,” says Brian Rauscher, head of
global portfolio strategy at Fundstrat.
“That’s a given.”
Savita Subramanian, BofA Securities’
head of equity and quantitative strategy,
expects the same. S&P 500 earnings esti-
mates for 2023 are roughly 15% too high
“amid demand uncertainty and a tougher
pricing environment,” she writes.
She’s hunting for areas of the economy
that can produce “more margin” and says
healthcare stocks are a good place to look.
BofA analysts favor stocks such as Boston
Scientific (BSX), Intuitive Surgical
(ISRG), and Tenet Healthcare (THC).
Demand uncertainty is starting to show
up, as well. Rauscher points out that new
orders—a leading indicator of demand—
are falling. The Institute for Supply Man-
agement’s index of new manufacturing
orders has been in negative territory for six
of the past seven months. Its index of new
service orders slipped into negative terri-
and gravel supplier Martin Marietta Ma-
terials comes in.
Martin Marietta (MLM) is a producer of
aggregates, the industry term for stone,
sand, and gravel, and it’s a pretty solid busi-
ness. It has some natural barriers to entry—
it isn’t easy to find and start a new quarry—
and high regional market shares give players
some pricing stability. It can weather both
inflationary and deflationary environments,
and despite the weakening economy, its out-
look for growth is improving.
How is that possible? For starters, Martin
Marietta has between 20% and 30% share of
the markets it operates in, including Texas,
Florida, Georgia, and Colorado, and aggre-
gates markets are largely local because it’s
too expensive to ship gravel long distances.
Rocks are dirt cheap, but pricing has been
moving up over time. In the third quarter,
Martin Marietta realized $16.65 for a ton of
aggregate, up from $13.40 five years ago, an
average annual gain of about 4%. Volumes at
Martin Marietta have grown at an annual
rate of about 6.5% over that span, both or-
ganically and through acquisition.
Nor does it matter if the U.S. economy
faces rising or falling inflation. Martin Mari-

tory in December for the first time since
the spring of 2020.
“There is going to be a pricing power is-
sue as we move forward…[so favor] compa-
nies with stickier margins,” says Rauscher.
He wants ones that can still raise prices, cut
costs effectively, or both.
IBKR charges
etta has the ability to raise prices to offset
cost increases, but if inflation slows, it will
pay less for the energy it uses to turn rocks
into sand and gravel. It uses a lot of energy,
so falling oil prices tend to mean better profit
margins over the short run.
Even better, Martin Marietta’s growth
margin loan rates 1

That could mean trouble for the stock
market overall, despite the strong start to the
year. He recommends holding higher-quality
companies with better balance sheets and
from
isn’t fully dependent on the direction of the
U.S. economy. Residential construction
might be slowing down as mortgage rates
rise, but nonresidential construction is set

strong management teams.
That’s a solid strategy for any market—
and it’s especially wise when prices start
to drop.
A Stock for All Seasons
Despite a solid start to 2023, the stock mar-
ket could still get rocky. That’s where sand
4.83% to 5.83%
to boom, boosted by the Inflation Reduction
Act, the Chips Act, and the Infrastructure
Investment and Jobs Act. All the new
spending amounts to hundreds of billions
of dollars in extra activity spread over a few
years in a business that approaches $1 tril-
lion annually in the U.S. It’s a nice bump to
overall growth.

Vital Signs
Friday’s Week’s Week’s Friday’s Week’s Week’s
Close Change % Chg. Close Change % Chg.
DJ Industrials 34302.61 +672.00 +2.00 Barron’s Future Focus 869.46 +32.79 +3.92
DJ Transportation
DJ Utilities
14364.39
988.60
+488.20
+7.33
+3.52
+0.75
Barron’s Next 50
Barron’s 400
2269.11
976.74
+161.81
+36.70
+7.68
+3.90
ibkr.com/compareus
DJ 65 Stocks 11431.35 +247.80 +2.22 Last Week Week Earlier
DJ US Market 979.10 +27.78 +2.92 NYSE Advances 2,822 2,607
NYSE Comp. 15918.37 +378.63 +2.44 Declines 499 717
NYSE Amer Comp. 4275.54 +183.33 +4.48 Unchanged 48 45
S&P 500 3999.09 +104.01 +2.67 New Highs 256 201
S&P MidCap 2580.91 +90.96 +3.65 New Lows 28 79
Trading on margin is only for sophisticated investors with
S&P SmallCap 1238.88 +53.05 +4.47 Av Daily Vol (mil) 4,169.2 4,047.6 high risk tolerance. You may lose more than your initial investment.
Nasdaq 11079.16 +509.86 +4.82 Dollar (Finex spot index) 102.18 103.88
Value Line (arith.) 9170.02 +372.70 +4.24 T-Bond (CBT nearby futures) 130-00 129-07 Member - NYSE, FINRA, SIPC – [1] Margin Loan rate as of 12/15/2022. IB calculates the interest charged
Russell 2000 1887.03 +94.23 +5.26 Crude Oil (NYM light sweet crude) 79.86 73.77 on margin loans using the applicable rates for each interest rate tier listed on its website. Rates shown
Inflation KR-CRB (Futures Price Index) 275.91 264.82
apply to IBKR Pro clients only. Rates subject to change. For additional information on margin loan rates,
DJ US TSM Float 40282.76 +1196.72 +3.06
see ibkr.com/interest. 12-IB22-1589-HP
Gold (CMX nearby futures) 1918.40 1864.20
38 BARRON’S
Industry Action
Performance of the Dow Jones U.S. Industrials, ranked by weekly percent change.*
Technology
Consumer Services
Basic Materials
Oil & Gas
Financials
Industrials
Consumer Goods 0.61
Utilities 0.46
FINANCIAL SECTOR OF Health Care
–0.08
0.10
Telecommunications
THE S&P 500 IN ONE ETF
An outlook that solid doesn’t come
Visit www.sectorspdrs.com or call 1-866-SECTOR-ETF cheap, but the stock isn’t too dear. Martin
Marietta shares trade for roughly 20 times
estimated 2023 earnings. That’s a pre-
An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a mium to the S&P 500’s 16.5 times, but
prospectus, which contains this and other information, call 1-866-SECTOR-ETF or visit www.sectorspdrs.com. Read the below the company’s 10-year average of 22
prospectus carefully before investing. times earnings. At an average multiple and
All ETFs are subject to risk, including possible loss of principal. Sector ETF products are also subject to sector risks and non-diversification risks, which generally 2024 earnings that could reach $18 a
results in greater price fluctuations than the overall stock market. Ordinary brokerage commissions apply.
share, the stock could be trading near
The S&P 500 is an index of 500 common stocks that is generally considered representative of the U.S. stock market. You cannot invest directly in an index.
$400 by the end of 2023. That’s up about
ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. 13% from recent levels, not including a
dividend yield of about 0.7%.
And if 2024 doesn’t turn out that well?
Even if things get rocky, investors will be
left holding a stock that is insulated from
the worst of any downturn—and that can
work in the long run.
That’s a stock to own no matter
whether the road ahead is bumpy or
smooth.
Investing for Befuddlement
Puzzled. Look.
If 2022’s stock market could be described
as brutal, 2023’s might best be described as
befuddling. Thankfully, there is a portfolio
for that.
What’s so befuddling? It’s not just that
Your morning ritual just got better. there is uncertainty around inflation,
growth, profits, margins, and even Covid,
Introducing Barron's covers jigsaws,
which continues to linger around the
sudoku and crossword puzzles. globe. It’s also that there’s no uncertainty
about how experts view the market. All
barrons.com/puzzles the talking heads believe the first half of
2023 will be bumpy, with things looking
better by year end. “It’s a real uber-con-
sensus,” says Lori Calvasina, head of U.S.
equity strategy at RBC, who counts herself
among the talking heads.
Everyone thinking the same thing is
scary, and not simply because the consen-
sus is bound to be wrong. It also means
that investors end up positioned the same
way in the same sectors and stocks, and
© 2022 Dow Jones & Company, Inc. All rights reserved. 4E6049 that’s a recipe for volatility and disap-
pointment as conditions change.
January 16, 2023
5.18%
5.08
4.82
3.07
2.76
2.11
Source: S&P Dow Jones Indices
The solution to all this is to go where
others aren’t. That means preferring utili-
ties to consumer staples when looking to
play defense. The S&P Composite 1500
Staples Index is trading at about 21 times
estimated 2023 earnings, according to
FactSet. That’s roughly a 10% premium to
its own history and a 30% premium to the
S&P 500 multiple. There is a long way to
fall if investors sour on staples stocks. “I
don’t want to own staples because of peak
positioning and peak valuations,” adds
Calvasina. “I want to be out of the staples
when the market turns because they’re
going to get crushed.”
Utility stocks look much better. They
trade for about 19 times estimated 2023
earnings—a premium to the market and
about a 12% premium to their history, sim-
ilar to staples, but less than a 20% pre-
mium to the S&P. What’s more, the
growth outlook for utilities is a little better
than it has been in the past because they
are adding more renewable power genera-
tion to their portfolios and are able to earn
a regulated rate of return on the new in-
vestment, providing a boost to growth.
“Guess what I want to own in a slug-
gish economic backdrop?” asks Calvasina.
“Anything with secular growth.”
That includes industrial stocks, which
could get a boost thanks in part to all the
new spending generated by the Inflation
Reduction Act, the Chips Act, and the In-
frastructure Investment and Jobs Act.
Even energy firms have a place in the
portfolio, thanks to more-disciplined man-
agement teams, dividends, and buybacks,
and because many investors seem to want to
avoid them after a fantastic 2022. Funds
have been flowing out of energy ETFs for the
past few weeks. What’s more, “they proba-
bly won’t blow you up,” adds Calvasina.
And that’s an attractive feature in a mar-
ket this confusing. B
January 16, 2023
EUROPEAN TRADER
Glencore Could Benefit
From China’s Reopening
By Callum Keown
M A
ining and commodities trad-
ing giant Glencore was one
of the FTSE 100’s top per-
formers last year, and it
could be set to repeat the trick in 2023.
Glencore (ticker: GLEN.UK) was the
third-best performing stock in 2022,
behind defense giant BAE Systems
(BA.UK) and publisher Pearson (PSO),
climbing 47%, largely driven by record
thermal coal prices.
The miner’s exposure to coal is also
what makes it an attractive proposition
in 2023, while China’s reopening should
push metals prices higher, adding to
Glencore’s upside. Over the longer term,
its status as one of the world’s leading
producers and marketers of copper leaves
it well placed to benefit from the global
transition toward greener energy.
Record coal prices, largely a result of
Russia’s invasion of Ukraine, and a subse-
quent natural-gas shortage helped Glen-
core’s earnings jump by $10 billion to a
record $18.9 billion in the six months to
June 2022. The company said about $8
billion of that increase came from its coal
business. With coal prices remaining high,
Glencore’s full-year earnings next month
could be another catalyst for the stock.
Glencore is winding down its coal
assets. The company described its policy
as a “responsibly managed decline and
stewardship of our coal business” at an
investor day last month.
“Glencore’s sticking by thermal coal
has proved to be a major advantage over
its peers,” says Liberum analyst Ben Da-
vis. He adds that “prices have the potential
to remain elevated far above marginal cost
of production in the long term.” Davis has
a Buy rating on the stock with a 6.70
pound sterling ($8.17) target price, 23%
above Monday’s price. The stock is up
10% since this column last wrote about
the company, in mid-August.
The policy has led to some environmen-
BARRON’S
tal, social, and governance, or ESG, con-
cerns, with a number of institutional inves-
tors filing a shareholder resolution earlier
this month asking Glencore to explain how
it fits in with the Paris Agreement and its
own net-zero commitment. Glencore said
that it will publish its next climate report
in March to provide an update on progress
since its 2020 strategy.
At the other end of the ESG scale,
Glencore continues to invest in what it
calls “key transition metals” such as cop-
per, nickel, and cobalt, which it says will
support global decarbonization.
“Glencore’s copper and cobalt expo-
sure remains attractive in the long term,
and the near-term upside offered by ther-
mal coal more than offsets the long-term
outlook at this point,” says BMO Capital
Markets analyst Alexander Pearce. He
has an Outperform rating on the stock,
with a £6.50 target price.
The company announced “top up”
returns of $4.5 billion in the first half of
2022, through a special dividend and a $3
billion share buyback program. In keeping
with Glencore’s strategy to return surplus
capital to investors, there could be more
to come. “This narrative could build up
in the stock going into the full-year earn-
ings,” Citi analysts said last month. They
have a Buy rating and a £7 price target.
China’s reopening, as it shifts away
from its zero-Covid policy, should also
benefit miners, though for how long is
less certain. J.P. Morgan analysts note
that the risks mount into the second and
third quarters, citing potential Covid
spikes and weaker iron-ore seasonality.
Glencore is one of the bank’s top mining
picks to play China’s reopening.
Despite its bumper year of gains, the
stock still looks cheap, trading at 6.5
times 2023 earnings estimates, below the
industry average of 11 times, according
to FactSet data. While Glencore is some-
what at the mercy of commodities prices,
there’s enough to suggest that this under-
valued stock is worth digging into. B
E M E R G I N G M A R K E TS
Brazil’s Lula Shouldn’t
Expect Smooth Sailing
By Craig Mellow
mob of thousands sweeps past
police to trash the seat of gov-
ernment, and markets go…up?
That’s what happened in
Brazil this past week. The iShares
MSCI Brazil exchange-traded fund
(ticker: EWZ) climbed 6% since rioters
swarmed Brasilia’s Congress and presi-
dential palace on Jan. 8. The yield on
10-year sovereign bonds shrank more
than half a percentage point to 12.4%.
And for good reason. Brazil’s event bears
extensive parallels with the U.S. insurrec-
tion a year and two days earlier—only Bra-
zil’s elite united much more decisively to
defend their democracy afterward. Society
seems inclined to follow for now.
Like his role model Donald Trump,
former Brazilian President Jair Bolsonaro
diligently sowed the seeds for disorder
with baseless claims that electoral sys-
tems were rigged against him. Like
Trump, he lost narrowly, leaving a few
supporters ready for violence.
Brazil looked much more vulnerable,
not only because a military dictatorship
yielded power just 37 years ago. New
President Luiz Inácio Lula da Silva is, on
paper, outgunned politically. Bolsonaro’s
Liberal Party holds many more congres-
sional seats and governorships than the
Workers Party headed by Lula, as the
president is known.
These normally fractious power bro-
kers threw partisanship aside in the face
of insurrection, though. Bolsonaro allies,
who run Brazil’s two most populous
states, Tarcisio de Freitas of São Paulo
and Romeu Zema of Minas Gerais, stood
literally shoulder-to-shoulder with Lula
to condemn the rioters. “Demonstrations
lose their legitimacy from the moment
there is violence,” de Freitas tweeted.
Support that the invaders looked for
outside politics also fizzled. Soldiers
stepped in to quell the uprising, not
mount a coup d’état. Truck drivers, who
39
have blocked roads in the past and are
assumed to be pro-Bolsonaro, stayed qui-
etly on the job. A snap survey by Brazil-
ian pollster Datafolha showed 93% of the
population against the riot. Law enforce-
ment arrested more than 700 alleged
participants within days.
Bolsonaro himself is proving a pecu-
liarly hapless insurrection leader. He
hopped a flight to the U.S. two days be-
fore Lula’s Jan. 1 inauguration and the
expiration of his legal immunity. While
his acolytes smashed windows in
Brasilia, he was checking into an
Orlando, Fla.–area hospital with abdom-
inal pains, his wife reported.
This hardly means that the 77-year-old
Lula can expect four years of smooth sail-
ing in his third term as president. The mili-
tary police, which waved the invaders
through without much resistance, remains
a potential kernel of armed disorder, says
Ryan Berg, director of the Americas pro-
gram at the Center for Strategic and Inter-
national Studies. “The military itself is
highly professional. The military police
are much more questionable,” he says.
Lula squeaked by Brazil’s closest elec-
tion ever with a 50.9%-to-49.1% margin.
His lack of legislative coattails indicates
that he was personally more popular than
his leftist policy platform, which he seems
to be leaning into nonetheless. “Brazil’s
political environment is deeply polarized,
and its population highly distrusts political
institutions and the establishment,” says
Christopher Garman, managing director
for the Americas at Eurasia Group.
Distrust extends to the media, Berg
adds. Most Brazilians view the world
through social-media feeds that are
highly partisan and less than scrupulous
about the truth. All that creates tinder
that the next economic downturn or ma-
jor scandal could ignite. It will all sound
quite familiar to U.S. citizens, though. For
now, Latin America’s giant is defending
its democracy vigorously. Good news for
everyone. B
40 BARRON’S January 16, 2023

T H E ST RIKING PRIC E
Rather than buying this or that stock in anticipa-
tion of how investors react to the Fed or the next
avalanche of data, consider taking a step back.

Curb Your Enthusiasm. Equity Options

CBOE Volatility Index The Equity-Only Put-Call Ratio

Sell Put Options Instead. VIX Close VIX Futures

37
Put-Call Ratio S&P 500 Index
325

260
30

By Steven M. Sears man Sachs, who arguably know more than 195
most investors most of the time, aren’t ex-

A
re we data dependent—or data actly signaling cheerfulness. Even as the 23
delusional? firm’s analysts strain to find good news 130
Right now, the stability of the around U.S. companies, Goldman is laying
stock market boils down to how off 3,200 staff members. Many other big 16 65
investors view recent economic data sug- companies are also reducing head count, F M A M J J A S O N D J F M A M J J A S O N D J
gesting that inflationary pressures might which few do when they are optimistic Daily Values Source: CBOE Source: McMillan Analysis Corp.
be easing. about the future.
If you believe the data, the market’s All of this adds up to one conclusion:
recent gains are legitimate. The Federal You shouldn’t rush to act. Rather than SPX Skew NDX Skew
Reserve might raise rates less aggressively, buying this or that stock in anticipation of Implied volatility % Implied volatility %
which would help secure those gains and how investors react to the Fed or the ava- 14% 12%
perhaps even create a meaningful founda- lanche of data that will hit the market, con- 13 11
tion for a recovery rally. sider taking a step back.
12
Conversely, perhaps you believe that In the absence of a clear trend, we 10
more information is needed beyond a recently suggested that investors consider 11
9
smattering of bullish data points—and that renting stocks in the options market by 10
the market’s gains might be evidence of buying calls. The approach risks less 8
9
widespread delusional thinking. money than buying the associated stock, 7
8
Unlike extreme stock declines, which and that has merit in a time of risk.
7 6
frighten most people, hardly anyone ever But there is another approach, too.
complains about rising prices, even if the If you have stocks that you want to buy, 6 5
moves are extremely unusual. Last week’s think about trading cash-secured put op- F M A M J J A S O N D J F M A M J J A S O N D J
700-point gain in the Dow Jones Indus- tions. The strategy entails reserving the Source: Credit Suisse Equity Derivatives Strategy Source: Credit Suisse Equity Derivatives Strategy

trial Average looks like just such a socially amount of money needed to buy the stock Skew indicates whether the options market expects a stock-market advance or decline. It measures the difference between the implied
volatility of puts and calls that are 10% out of the money and expire in three months. Higher readings are bearish.
acceptable type of volatility. in your brokerage account and then selling
Rather than getting into a high-minded the associated put.
debate, let’s focus on some “known Consider a Moderna (ticker: MRNA) Week’s Most Active
knowns” that are hard to dismiss. They trade as a way to monetize the possibility Company Symbol Tot Vol Calls Puts Avg Tot Vol IV %ile Ratio

should give investors even more reason that we are living in an age of viral pan- Apexigen APGN 4545 3627 918 4 100 1136.3
Amryt Pharma AMYT 10357 387 9970 16 1 647.3
to patiently wait for the market to reveal demics that might require new medical Broadwind BWEN 22154 19862 2292 44 100 503.5
more of itself before reaching any firm treatments. BigBear.ai BBAI 31535 19426 12109 244 98 129.2
conclusion about what 2023 holds in store. With the drugmaker at $192, the Febru- Albireo Pharma ALBO 28957 1698 27259 288 42 100.5
Altus Power AMPS 10451 9929 522 204 71 51.2
Corporate earnings season has just be- ary $170 put could be sold for about $4.50. Sotera Health SHC 40962 17409 23553 816 83 50.2
gun. Investor expectations are dour, and If the stock is above the strike price at expi- Duck Creek Technologies DCT 44050 39441 4609 1004 59 43.9
it is hard to know whether sentiment is ration, you get to keep the put premium. Telefonica Brasil VIV 3763 3568 195 96 13 39.2
CinCor Pharma CINC 42589 9331 33258 1552 9 27.4
calibrated with reality. Extrapolating mes- The great risk is if the stock falls far below
Party City PRTY 109547 97357 12190 4384 100 25.0
sages from earnings is also arguably more the put strike, which would obligate inves- Biora Therapeutics BIOR 31227 20308 10919 1512 95 20.7
difficult this go-round than in the past. tors to buy the stock at the strike price, or CEMEX CX 26313 25468 845 1492 52 17.6

For one thing, the current Fed leaders adjust the position to avoid assignment. Euronav EURN 9811 7627 2184 616 75 15.9
Cutera CUTR 3421 1973 1448 248 32 13.8
have become incredibly skilled at weap- During the past 52 weeks, Moderna Oak Street Health OSH 73510 45044 28466 5620 53 13.1
onizing words and compiling meeting min- has ranged from $115.03 to $217.25. B IAC Inc. IAC 32141 12899 19242 2492 76 12.9
utes to keep investors on edge. The Fed’s Voyager Therapeutics VYGR 4516 3744 772 376 3 12.0
Athersys Corp. ATHX 6245 5794 451 548 32 11.4
rate-setting committee concludes a two- Steven M. Sears is the president and chief oper-
Briacell Therapeutics BCTX 11159 10875 284 1128 17 9.9
day meeting on Feb. 1. Expectations are ating officer of Options Solutions, a specialized
high that rates will rise another quarter asset-management firm. Neither he nor the firm This table of the most active options this week, as compared to average weekly activity – not just raw volume. The idea is that the unusually heavy trading in these options might be a predictor of
corporate activity – takeovers, earnings surprises, earnings pre-announcements, biotech FDA hearings or drug trial result announcements, and so forth. Dividend arbitrage has been eliminated. In
percentage point. has a position in the options or underlying securi- short, this list attempts to identify where heavy speculation is taking place. These options are likely to be expensive in comparison to their usual pricing levels. Furthermore, many of these
situations may be rumor-driven. Most rumors do not prove to be true, so one should be aware of these increased risks if trading in these names
At the same time, the leaders of Gold- ties mentioned in this column. Ratio is the Tot Vol divided by Avg Tot Vol. IV %ile is how expensive the options are on a scale from 0 to 100. Source: McMillan Analysis
January 16, 2023 BARRON’S 41

COMMODITIES SOMETIMES YOU GET THE BEAR

Natural-Gas Prices Will
Stay Volatile This Winter
By Myra P. Saefong says. The ICE U.S. Dollar index registered
three consecutive monthly declines

N
atural gas has seen a shaky start
to 2023, with U.S. prices falling
to their lowest level in more than
a year just halfway through the
winter season, typically a period of high
demand for the heating fuel.
There is “nothing unusual in U.S. gas
demand versus what we have seen in the
past few years,” says Saulius Adomaitis,
global oil and gas leader at professional
services network EY, pointing out that U.S.
prices are “very much affected” by what’s
through December.
U.S. natural-gas futures for February
delivery settled at $3.639 per million BTUs
on Jan. 10, the lowest price for a front-
month contract since Dec. 30, 2021.
Demand for the commodity in China
was “not picking up, due to the carbon
restrictions” there, says EY’s Adomaitis.
SOMETIMES THE BEAR GETS YOU
The nation has pledged to achieve carbon
neutrality by 2060.
The “China factor” is something to
watch, observes Adomaitis. If China’s

happening outside the country.
Natural-gas futures traded on the New
York Mercantile Exchange have fallen 62%
from last year’s peak close of $9.68 per
million British thermal units on Aug. 22,
with about 2½ months left in the winter
heating season. Prices lost over 35% in
December, the largest monthly drop since
December 2018.
Russia’s invasion of Ukraine early last
year led to major concerns that Europe
would see a shortage in supplies of the fuel.
The International Energy Agency estimated
that 45% of the European Union’s 2021 gas
imports came from Russia.
The war will “continue to restrict sup-
ply of natural gas (and many other critical
commodities) for years to come,” says Mi-
chael Rosen, chief investment officer at
Angeles Investments. “Alternative supplies
are being developed, but it will take years
for Europe to replace Russian gas, so price
volatility is likely to remain a feature of the
market for some time.”
Still, Europe has reduced demand
through conservation, he says. The warm
weather cut it further, helping Europe fill its
storage tanks “to capacity.” Also, he adds,
the very high natural-gas prices in the sum-
mer and fall “provided an arbitrage for U.S.
producers of [liquefied natural gas] to ship
more to Europe.”
The recent decline in the U.S. dollar, in
which natural gas is priced, contributed to
the downturn in prices, as well, Rosen
economy really reopens in the second
quarter following the nation’s Covid-19
related shutdowns, and if that “coincides
with the need to replenish Europe gas re-
serves...during spring and summer,” that
may lead to a significant increase in gas
prices and volatility in Europe—and that
would have a “spillover effect” in the U.S.
Going forward, “we need to be mindful
that winter is not over,” Adomaitis says.
In the U.S., the winter heating season runs
through March.
The U.S. might also be moving closer to
a ban on gas stoves, as studies show respi-
ratory and select cancer risks linked to
their use and raise concerns over their
contribution to global warming.
California already has restricted new
gas hookups, with a full ban on the sale
of appliances to go into effect in 2030,
and a phaseout of gas appliances is also
happening in the United Kingdom and
continental Europe, says Angeles Invest-
ments’ Rosen.
In the medium term, natural-gas appli-
ances are likely to be phased out, he says.
He points out, however, that gas has
a lower carbon impact than other carbon-
based fuels, so it will probably continue
to be a “significant energy source for the
foreseeable future.”
However, in the decades ahead, “car-
bon-based energy will be replaced by
renewable, or noncarbon-based,
sources,” Rosen says. B
TMF TMV
DAILY 3X LEVERAGED
ETFs FROM DIREXION Daily 20+ Year Daily 20+ Year
Treasury Treasury
Call 877-437-9363
or go to direxion.com
BULL BEAR
3X S H A R E S 3X SHARES
An investor should carefully consider a Fund’s investment objective, risks, charges, and expenses before investing. A
Fund’s prospectus and summary prospectus contain this and other information about the Direxion Shares. To obtain a
Fund’s prospectus and summary prospectus call 877-437-9363 or visit our website at www.direxion.com. A Fund’s
prospectus and summary prospectus should be read carefully before investing.
Leveraged and inverse ETFs pursue daily leveraged investment objectives which means they are riskier than alternatives
which do not use leverage. They seek daily goals and should not be expected to track the underlying index over periods
longer than one day. They are not suitable for all investors and should be utilized only by investors who understand
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Direxion Shares Risks – An investment in each Fund involves risk, including the possible loss of principal. Each Fund is
non-diversified and includes risks associated with the Funds’ concentrating their investments in a particular industry, sector,
or geographic region which can result in increased volatility. The use of derivatives such as futures contracts and swaps are
subject to market risks that may cause their price to fluctuate over time. Risks of each Fund include Effects of Compounding
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and will fluctuate. Please see the summary and full prospectuses for a more complete description of these and other risks of
each Fund.
Distributor: Foreside Funds Services, LLC
42
IN SIDE SC OOP
Akamai CEO Tom Leighton
Keeps Buying Up Shares
BY ED LIN
A
kamai Technologies
stock tumbled in 2022,
and as the year was com-
ing to an end, CEO Tom
Leighton set up an auto-
mated plan to buy shares
of the internet-infrastruc-
ture and security-software company.
Akamai stock (ticker: AKAM)
dropped 28% last year. Quarterly
earnings throughout the year were
mixed. Leighton told Barron’s in
August that he was “really excited”
about the opportunity in both security
and computing. But shares continued
to slide afterward.
Leighton established a Rule 10b5-1
plan on Nov. 10, through which he set
parameters, including volume and
price, to purchase stock. Trades are
automatically executed when the
parameters are met. The devices are
Activist Holdings
Griffon (GFF)
Voss Capital revealed a stake in
the maker of consumer and profes-
sional products and home and
building products of 3,409,052
shares, including 340,200 underly-
ing exercisable options. Voss pur-
chased 375,000 Griffon shares on
Jan. 3 at $35.79 each through a pri-
vate transaction. Voss bought an-
other 177,128 Griffon shares on Jan.
3 and 4 on the open market at
prices ranging from $36.12 to
$36.69 apiece. Voss now holds 6%
of Griffon’s outstanding stock. On
meant to remove any potential bias
that a company insider may have from
material nonpublic knowledge of com-
pany business.
Since December, Leighton has paid
$501,000 for 5,847 shares, an aver-
age price of $85.68 each, through the
plan, according to filings with the
Securities and Exchange Commis-
sion. Those purchases include 1,753
shares purchased so far in 2023 for
$150,400, an average price of $85.80
each.
Akamai declined to make Leighton
available for comment because the
company is in a pre-earnings quiet
period. The company noted that dur-
ing its Nov. 8 third-quarter earnings
call, Leighton announced his trading
plan to buy $3 million of Akamai stock
over the next six months. “[M]y confi-
dence in Akamai’s future prospects for
growth and success has never been
higher,” he said at the time. B
Jan. 8, Voss and Griffon reached a
cooperation agreement that allowed
for the appointment of Voss Capital
founder Travis Cocke to Griffon’s
board effective Jan. 9. The agreement
also provides for Cocke and an addi-
tional board nominee at Griffon’s up-
coming 2023 annual shareholders
meeting. In a Jan. 9 report, Raymond
James analyst Sam J. Darkatsh noted
that in announcing the pact, Griffon
also said a strategic review process
that could include the sale of a seg-
ment or the entire company is still
ongoing. That review process began
on May 16, 2022. Darkatsh rates Grif-
fon stock at Strong Buy with a $50
price target.
BARRON’S
Decreases in
Holdings
MFA Financial (MFA)
Starwood Capital Group liquidated
its entire position in the mortgage
real-estate investment trust. On
Jan. 6, Starwood sold 450,000
MFA shares at a price of $10.50
each. Starwood followed with the
sale of 10,188,539 MFA shares on
Jan. 9 at a price of $10.07 apiece.
Starwood no longer owns any MFA
shares.
SpringWorks Therapeu-
tics (SWTX)
OrbiMed Advisors lowered its posi-
tion in the clinical-stage pharma-
Akamai CEO Tom ceutical firm to 4,985,000 shares.
Leighton has been ObriMed sold 540,926 Spring-
buying up shares Works shares at prices ranging
of the software from $22.26 to $27.71 each from
firm through an Dec. 13, 2022, through Jan. 4, 2023.
automated plan. Following the sales, OrbiMed holds
He has bought 8% of SpringWorks’ tradable stock.
$500,000 of stock The SpringWorks sales were the
since December. first reported by OrbiMed since it
sold nearly 154,000 shares in Sep-
tember 2022 at an average per-
share price of nearly $32, reducing
its SpringWorks interest to 9.3%.
J.P. Morgan analyst Anupam Rama
cut his December 2023 price target
on SpringWorks stock to $53 from
$86 in a Nov. 8 note, citing adjusted
launch timelines and decreased
peak-sales estimates, and changes
in share count and revision of oper-
ating expenses. Rama still has an
Overweight rating on SpringWorks
stock.
Build-A-Bear Workshop
(BBW)
Kanen Wealth Management de-
creased its holding in the toy-ani-
These disclosures are mal retailer to 822,152 shares. From
from 13Ds filed with
the Securities and Nov. 22, 2022, through Jan. 6, 2023,
Exchange Commission. Kanen sold 354,077 Build-A-Bear
13Ds are filed within
10 days of an entity’s
shares at per-share prices ranging
attaining more than from $18.51 to $25.12. Kanen fol-
5% in any class of a lowed with a separate disclosure of
company’s securities.
Subsequent changes the purchase of 28,059 Build-A-
in holdings or inten- Bear shares on Jan. 9 and 10 at an
tions must be re- average price of $23.49 each. Kanen
ported in amended
filings. This material is now holds 859,949 Build-A-Bear
from Jan. 5 through shares, equal to 5.8% of its tradable
Jan. 11, 2023. Source:
VerityData (verityplat-
stock. The company reported
form.com) strong third-quarter earnings in
November.
January 16, 2023
POWER PLAY
Next Up:
Peltz Takes
On Disney
BY CARLETON ENGLISH
T
he happiest place on
Earth has become a
destination for activist
investors hoping to
provide magic to its
slumping stock price.
Trian Fund Manage-
ment’s Nelson Peltz is the latest
to enter the fray at Walt Disney
(ticker: DIS) after unveiling a 35-
page presentation late on Wednes-
day that criticized the company’s
cost discipline. Peltz also made the
case for a seat on the entertainment-
and-media giant’s board, which he
charged had “consistently” failed
at succession planning.
It was once considered almost
unthinkable that activists would
target a company of Disney’s size—
its market cap is close to $200 bil-
lion—and prestige. But volatile mar-
kets and a series of missteps have
made it easier for activists to argue
for change to Disney shareholders.
In the most stunning recent ex-
ample, long-serving CEO Bob Iger
returned to the top spot in Novem-
ber, replacing Bob Chapek, his re-
placement. Chapek’s tenure was a
volatile one in which Disney shares
hit a record high in March 2021
only to be cut in half, as costs
surged in its streaming business.
Disney didn’t warm to Peltz,
saying that it had elected former
Nike CEO Mark Parker as board
chairman and that it doesn’t recom-
mend that shareholders support
Peltz’s bid. Both Trian and Disney
declined to comment further.
Earlier this year, Third Point’s
Dan Loeb pushed for changes at
Disney, including board refresh-
ment. Third Point entered a stand-
still pact with Disney in September.
Peltz is no stranger to challenges,
successfully pushing for changes at
Procter & Gamble (PG) in 2018
and PepsiCo (PEP) in 2013. B
January 16, 2023 BARRON’S 43

CHARTING THE MARKET

A graphic look at selected stock activity
for the week ended January 13, 2023
Edited by Bill Alpert

American Airlines Group Bed Bath & Beyond Tesla Rivian Automotive
AAL (NASD) • $17.02 • 2.84 BBBY (NASD) • $3.66 • 2.35 TSLA (NASD) • $122.40 • 9.34 RIVN (NASD) • $16.45 • 0.05
The airline said December-quarter revenue rose After the home-goods retailer reported a one-third The electric car maker cut model prices by as After the electric-truck maker missed production
more than 16%. It expects earnings per share of drop in November-quarter sales, Bloomberg said much as 20%. Fearing for its earnings, several targets, The Wall Street Journal reported the de-
around $1.15, double the Wall Street forecast. bankruptcy planning had begun. analysts cut their ratings or target prices. parture of several executives.

Stock Price $ Stock Price $ Stock Price $ Stock Price $

24 31 390 89
21 25 332 74
18 19 274 59
15 13 216 44
12 7 158 29
9 1 100 14

Volume in Millions Volume in Millions Volume in Millions Volume in Millions

372 1134 892 288
186 567 446 144
0 0 0 0
J F M A M J J A S O N D J J F M A M J J A S O N D J J F M A M J J A S O N D J J F M A M J J A S O N D J

Marathon Digital Holdings Coinbase Global Exact Sciences Illumina

MARA (NASD) • $7.68 • 3.59 COIN (NASD) • $49.98 • 16.72 EXAS (NASD) • $68.96 • 21.77 ILMN (NASD) • $201.11 • -0.76
Bitcoin’s rise above $17,000—in outsize moves re- While the crypto platform confirmed it will report a The maker of the Cologuard test for colorectal At J.P. Morgan’s healthcare conference, the gene
flecting the illiquidity left by FTX’s demise—lifted 2022 loss of as much as $500 million, investors cancer said December-quarter sales rose 28%, sequencer trimmed guidance for 2023 sales. It
shares of the bitcoin miner, and rival Riot Platforms. took solace in a headcount reduction of 950. producing its first quarter of cash operating profits. anticipates half the profits Wall Street had forecast.

Stock Price $ Stock Price $ Stock Price $ Stock Price $

41 265 107 430
33 218 91 378
25 171 75 326
17 124 59 274
9 77 43 222
1 30 27 170

Volume in Millions Volume in Millions Volume in Millions Volume in Millions

276 214 32 14
138 107 16 7
0 0 0 0
J F M A M J J A S O N D J J F M A M J J A S O N D J J F M A M J J A S O N D J J F M A M J J A S O N D J

Virgin Galactic Holdings Livent Logitech International lululemon athletica

SPCE (NYSE) • $5.19 • 1.50 LTHM (NYSE) • $23.80 • 4.25 LOGI (NASD) • $54.74 • -11.26 LULU (NASD) • $315.47 • -13.79
The space tourism company said it remains on Bank of America’s analyst double-upgraded the After reporting a 17% drop in its December-quar- Although January-quarter sales should be slightly
track to launch commercial “spaceline” operations lithium producer, from a rating of Underperform to ter sales, the Swiss supplier of computer periph- better than expected, the athleisure-clothes seller
in the second quarter of 2023. Buy. Electric vehicle batteries will drive demand. erals predicted a 14% drop in 2023. says gross margins have narrowed.

Stock Price $ Stock Price $ Stock Price $ Stock Price $

27 37 105 414
22 33 92 381
17 29 79 348
12 25 66 315
7 21 53 282
2 17 40 249

Volume in Millions Volume in Millions Volume in Millions Volume in Millions

318 36 12 18
159 18 6 9
0 0 0 0
J F M A M J J A S O N D J J F M A M J J A S O N D J J F M A M J J A S O N D J J F M A M J J A S O N D J

The charts record the net change in share price, the high, low and closing trades, and share volume for companies with noteworthy stock activity last week. In addition, the graphs depict last week’s daily price activity in detail. The dotted line on some graphs denotes the stock’s 200-day moving average; lack of a moving average means the shares have traded for less than
that time period. If the close from the current week is lower than a year ago the graph will be presented in red. If the close from the current week is higher than a year ago then the graph will be presented in green.
44 BARRON’S January 16, 2023

W I N N E R S & LO S E R S
Saturday Inbox: Sign up for the
Market Lab Newsletter every Saturday
at Barrons.com/newsletters

NYSE Biggest % Movers NYSE Most Active NYSE American Most Active Nasdaq Most Active
Winners Volume Percentage Leaders Volume Percentage Leaders Volume Percentage Leaders
Name (Sym) Volume Close Change %Chg. Name (Sym) Volume %Chg. Close Change Name (Sym) Volume %Chg. Close Change Name (Sym) Volume %Chg. Close Change
SOS(SOS) 1752 6.85 +3.40 +98.6 BluescapeOppsAcqn(BOAC) 3014 4479.3 9.76 –0.07 CanFiteBiopharm(CANF) 402 671.8 5.68 –0.61 MultiMetaVerse(MMV) 50879 12049.5 2.92 –8.71
Carvana(CVNA) 209570 7.02 +2.61 +59.2 AscendantDigA(ACDI) 6479 2848.4 10.35 +0.03 FirstLightAcqnA(FLAG) 770 507.6 10.20 +0.06 AmrytPharma(AMYT) 20308 9194.1 14.72 +7.72
QuantumScape(QS) 45496 8.30 +2.66 +47.2 PontemA(PNTM) 12148 1360.9 10.16 +0.03 AdaraAcqnA(ADRA) 742 473.6 9.98 –0.23 ALSPOrchidI A(ALOR) 1920 2993.0 10.29 +0.02
IndependenceContr(ICD) 1280 4.56 +1.41 +44.8 WarburgPincusI-B A(WPCB) 5224 1120.9 10.15 +0.04 inTEST(INTT) 411 189.0 13.92 +2.51 GlblBlockchain(GBBK) 895 2880.7 10.13 +0.03
Compass(COMP) 17696 3.60 +1.09 +43.4 SouthportAcqnA(PORT) 969 929.0 10.25 +0.06 AdamsRes(AE) 214 155.3 48.70 +10.06 IndlTechII A(ITAQ) 1716 2356.8 10.27 +0.05
Hyliion(HYLN) 6293 3.06 +0.89 +41.0 Supernova III A(STRE) 2983 919.6 10.11 +0.02 EvansBancorp(EVBN) 209 144.4 39.34 +1.02 RF Acqn A(RFAC) 479 1743.5 10.16 +0.03
ADC Therap(ADCT) 7865 5.00 +1.45 +40.8 twoA(TWOA) 2595 881.8 10.11 +0.02 CoreMoldingTech(CMT) 196 142.8 13.71 +0.71 MontereyCapA(MCAC) 794 1539.8 10.10 +0.05
VirginGalactic(SPCE) 88213 5.19 +1.50 +40.7 PyrophyteAcqn(PHYT) 1666 788.9 10.36 0.00 CaledoniaMining(CMCL) 250 80.9 15.44 +1.88 WorldwideWebbA(WWAC) 1014 1537.0 10.22 +0.04
ApolloStratII A(APGB) 11946 738.7 10.08 +0.02 RileyExpln(REPX) 347 76.3 34.96 +6.78 IXAcqnA(IXAQ) 1154 1422.8 10.17 +0.04
Losers TrineIIAcqnA(TRAQ) 671 694.6 10.29 +0.02 ArenaGroup(AREN) 251 70.7 8.38 –0.03 CresceraCapA(CREC) 3403 1368.6 10.31 +0.05
Name (Sym) Volume Close Change %Chg.
BlueRiverA(BLUA) 3663 679.8 10.12 +0.01 Mallinckrodt(MNK) 484 66.8 7.80 +0.20 TLGY Acqn A(TLGY) 998 1356.9 10.33 +0.03
AMTD Digital(HKD) 36141 11.04 –11.90 –51.9 ForestRoadII A(FRXB) 4403 597.2 10.08 +0.03 DecisionPointSys(DPSI) 369 65.6 10.50 +0.58 FatProjectsAcqn(FATP) 1798 1354.8 10.20 +0.02
KnotOffshore(KNOP) 7374 6.39 –3.52 –35.5 InfiniteAcqnA(NFNT) 1976 580.9 10.29 +0.07 Birks(BGI) 226 58.5 7.49 –0.29 VoyagerTherap(VYGR) 8041 1253.5 10.78 +3.82
RayonierAdvMatls(RYAM) 7617 6.71 –2.29 –25.4 IntegratedRailA(IRRX) 1626 545.5 10.28 –0.00 IvanhoeElectric(IE) 1139 37.0 14.59 +2.27 DuetAcqnA(DUET) 995 1246.2 10.19 +0.04
Vapotherm(VAPO) 975 1.95 –0.59 –23.2 KensingtonCapV A(KCGI) 2058 538.6 10.23 +0.01 InfuSystems(INFU) 249 34.4 9.69 +0.55 FTACEmeraldA(EMLD) 4934 1169.6 10.10 +0.04
VerticalAerospace(EVTL) 2217 2.66 –0.46 –14.7 ValensSemicon(VLN) 7445 504.2 5.15 +0.15 MAG Silver(MAG) 2227 4.5 16.23 –0.49 SoundPointA(SPCM) 1194 1150.3 10.41 +0.00
TurkcellIletism(TKC) 2072 4.35 –0.73 –14.4 KnotOffshore(KNOP) 7374 495.1 6.39 –3.52 GencorInds(GENC) 60 2.9 10.84 +0.10 AnthemisDigA(ADAL) 1755 1055.7 10.31 +0.02
CharahSolutions(CHRA) 177 6.56 –0.91 –12.2 ConcordAcqnIIA(CNDA) 887 437.1 9.96 –0.04 EvolutionPetrol(EPM) 1017 2.9 6.93 –0.10 Ent4.0TechAcqnA(ENTF) 1077 967.2 10.33 +0.03
Chico'sFas(CHS) 16939 4.63 –0.63 –12.0 Euronav(EURN) 43912 432.1 15.01 –0.64 BarHarborBkshs(BHB) 122 2.2 32.08 +0.15 AtlCoastal II A(ACAB) 1224 941.2 10.24 0.00
SculptorAcqnIA(SCUA) 749 421.9 10.32 +0.06 FriedmanInds(FRD) 101 –1.8 10.50 +0.54 PatriaLatAm(PLAO) 1330 871.8 10.41 +0.05

NYSE American Biggest % Movers By Share Volume By Share Volume By Share Volume
Winners Name (Sym) Volume Close Change %Chg. Name (Sym) Volume Close Change %Chg. Name (Sym) Volume Close Change %Chg.
Name (Sym) Volume Close Change %Chg. PartyCity(PRTY) 539624 0.35 +0.17 +94.8 Zomedica(ZOM) 65356 0.25 +0.02 +6.9 BedBath(BBBY) 996905 3.66 +2.35 +179.4
AirIndustries(AIRI) 87 5.76 +1.38 +31.4 FordMotor(F) 304174 12.72 +0.14 +1.1 B2Gold(BTG) 55841 4.18 +0.26 +6.6 Tesla(TSLA) 891233 122.40 +9.34 +8.3
IndonesiaEnergy(INDO) 1413 6.41 +1.40 +27.9 BankofAmerica(BAC) 249171 35.23 +0.82 +2.4 Tellurian(TELL) 42958 2.01 +0.22 +12.3 Amazon.com(AMZN) 406491 98.12 +12.04 +14.0
AdamsRes(AE) 214 48.70 +10.06 +26.0 NIO(NIO) 211327 11.80 +1.43 +13.8 AultAlliance(AULT) 35255 0.14 +0.01 +7.7 Apple(AAPL) 333229 134.76 +5.14 +4.0
RileyExpln(REPX) 347 34.96 +6.78 +24.1 Carvana(CVNA) 209570 7.02 +2.61 +59.2 UraniumEner(UEC) 28511 3.94 +0.03 +0.8 AdvMicroDevices(AMD) 271062 71.00 +7.04 +11.0
inTEST(INTT) 411 13.92 +2.51 +22.0 Carnival(CCL) 207002 10.51 +1.31 +14.2 DenisonMines(DNN) 28314 1.35 +0.13 +10.7 Arrival(ARVL) 266892 0.63 +0.43 +217.3
SifcoInd(SIF) 44 2.66 +0.46 +20.9 AT&T(T) 172045 19.55 +0.02 +0.1 Globalstar(GSAT) 22645 1.48 +0.09 +6.5 AmerAirlines(AAL) 238413 17.02 +2.84 +20.0
StandardLithium(SLI) 6133 3.70 +0.58 +18.6 Transocean(RIG) 164930 5.66 +0.76 +15.5 Cybin(CYBN) 16780 0.45 +0.06 +14.2 NVIDIA(NVDA) 223967 168.99 +20.40 +13.7
IvanhoeElectric(IE) 1139 14.59 +2.27 +18.4 AMC Ent(AMC) 151139 5.06 +1.21 +31.4 CamberEnergy(CEI) 12992 1.90 +0.11 +6.1 SoFiTech(SOFI) 216136 5.44 +0.82 +17.7
Avaya(AVYA) 141504 0.28 +0.07 +33.7 EquinoxGold(EQX) 12130 4.16 +0.16 +4.0 Lucid(LCID) 171944 8.15 +1.79 +28.1
Losers Alibaba(BABA) 140499 117.01 +9.61 +8.9 Senseonics(SENS) 11347 1.13 +0.07 +6.6 FaradayFuture(FFIE) 171595 0.50 +0.18 +55.3
Name (Sym) Volume Close Change %Chg.
ItauUnibanco(ITUB) 139139 5.03 +0.25 +5.2 GranTierraEner(GTE) 11245 0.93 +0.08 +9.0 OpendoorTech(OPEN) 157233 1.66 +0.51 +44.3
RaMedicalSys(RMED) 3713 3.83 –2.58 –40.2 PalantirTech(PLTR) 136286 6.96 +0.56 +8.8 CheniereEnergy(LNG) 10450 156.51 +13.63 +9.5 Rivian(RIVN) 154629 16.45 +0.05 +0.3
CanFiteBiopharm(CANF) 402 5.68 –0.61 –9.8 Ambev(ABEV) 132461 2.71 0.00 0.0 NewGold(NGD) 10320 1.10 +0.01 +0.9 Intel(INTC) 150977 30.11 +1.38 +4.8
GrupoSimec(SIM) 7 32.70 –3.23 –9.0 LufaxHolding(LU) 129996 2.74 +0.58 +26.9 RingEnergy(REI) 8293 2.42 +0.11 +4.8 WarnerBrosA(WBD) 143591 13.14 +1.82 +16.1
BM Tech(BMTX) 206 5.11 –0.42 –7.6 NuHoldings(NU) 125338 3.68 +0.12 +3.4 Ur-Energy(URG) 8022 1.26 +0.06 +5.0 Alphabet A(GOOGL) 142814 92.12 +4.78 +5.5
Barnwell(BRN) 202 2.68 –0.22 –7.6 Pfizer(PFE) 124983 47.85 –3.07 –6.0 ChinaPharma(CPHI) 7954 0.11 +0.01 +11.0 MetaPlatforms(META) 133892 136.98 +6.96 +5.4
TailwindAcqnA(TWND) 90 8.68 –0.63 –6.8 BigBear.ai(BBAI) 123458 2.39 +1.63 +214.5 EnergyFuels(UUUU) 7832 6.99 +0.59 +9.2 Microsoft(MSFT) 131643 239.23 +14.30 +6.4
FG(FGH) 32 2.35 –0.17 –6.7 WellsFargo(WFC) 120195 44.22 +1.42 +3.3 TasekoMines(TGB) 7270 1.84 +0.17 +10.2 BioraTherap(BIOR) 120712 4.27 +2.21 +107.3
NewFoundGold(NFGC) 800 3.92 –0.16 –3.9 GinkgoBioworks(DNA) 117172 1.86 +0.34 +22.4 AsensusSurg(ASXC) 7143 0.60 +0.13 +28.5 TilrayBrands(TLRY) 118213 3.17 +0.22 +7.5

Nasdaq Biggest % Movers By Dollar Volume By Dollar Volume

Name (Sym) $ Volume Close Change %Chg.
By Dollar Volume
Name (Sym) $ Volume Close Change %Chg.
Name (Sym) $ Volume Close Change %Chg.
Winners CheniereEnergy(LNG) 1226609 156.51 +13.63 +9.5 Tesla(TSLA) 84145285 122.40 +9.34 +8.3
Alibaba(BABA) 11232230 117.01 +9.61 +8.9
Name (Sym) Volume Close Change %Chg.
UnitedHealth(UNH) 8144256 489.57 –0.43 –0.1 B2Gold(BTG) 183655 4.18 +0.26 +6.6 Apple(AAPL) 34645894 134.76 +5.14 +4.0
CinCorPharma(CINC) 12390 28.95 +17.17 +145.8 UraniumEner(UEC) 81488 3.94 +0.03 +0.8 Amazon.com(AMZN) 32007611 98.12 +12.04 +14.0
BerkHathwy A(BRK.A) 7092892481021.00 –934.00 –0.2
SoteraHealth(SHC) 65253 18.23 +9.77 +115.5 ImperialOil(IMO) 71588 49.16 +0.85 +1.8 NVIDIA(NVDA) 27983461 168.99 +20.40 +13.7
BankofAmerica(BAC) 7057552 35.23 +0.82 +2.4
AtlisMotor(AMV) 51839 5.91 +3.11 +111.1 Tellurian(TELL) 69485 2.01 +0.22 +12.3 Microsoft(MSFT) 24390986 239.23 +14.30 +6.4
JPMorganChase(JPM) 6830581 143.01 +5.07 +3.7
AmrytPharma(AMYT) 20308 14.72 +7.72 +110.3 EquinoxGold(EQX) 42310 4.16 +0.16 +4.0 MetaPlatforms(META) 14350820 136.98 +6.96 +5.4
ExxonMobil(XOM) 6590708 113.15 +2.62 +2.4
BioraTherap(BIOR) 120712 4.27 +2.21 +107.3 EnergyFuels(UUUU) 35884 6.99 +0.59 +9.2 AdvMicroDevices(AMD) 13903309 71.00 +7.04 +11.0
TaiwanSemi(TSM) 6523842 86.80 +8.73 +11.2
EbangIntl(EBON) 3219 8.82 +4.40 +99.5 NovaGoldRscs(NG) 30177 6.80 +0.04 +0.6 Netflix(NFLX) 13663436 332.82 +17.27 +5.5
Boeing(BA) 6257534 214.13 +1.13 +0.5
JanuxTherap(JANX) 1834 20.57 +8.01 +63.8 CheniereEnerPtrs(CQP) 30095 57.10 +1.37 +2.5 Alphabet A(GOOGL) 10242597 92.12 +4.78 +5.5
Salesforce(CRM) 5908731 149.51 +9.00 +6.4
VoyagerTherap(VYGR) 8041 10.78 +3.82 +54.9 MAG Silver(MAG) 27745 16.23 –0.49 –2.9 Alphabet C(GOOG) 8193914 92.80 +4.64 +5.3
Visa(V) 5493510 223.06 +5.31 +2.4
Losers Mastercard(MA) 5404988 375.52 +7.85 +2.1 SilverCrestMetals(SILV) 25713 6.68 +0.23 +3.6 Broadcom(AVGO) 6085681 579.00 –9.43 –1.6
Name (Sym) Volume Close Change %Chg. Chevron(CVX) 4899382 177.56 +1.00 +0.6 DenisonMines(DNN) 23756 1.35 +0.13 +10.7 EnphaseEnergy(ENPH) 3951060 245.83 +12.18 +5.2
Disney(DIS) 4654673 99.40 +5.48 +5.8 Globalstar(GSAT) 23316 1.48 +0.09 +6.5 Qualcomm(QCOM) 3718029 120.24 +4.90 +4.2
CalitheraBiosci(CALA) 9888 0.53 –3.09 –85.5
ThermoFisher(TMO) 4497454 583.84 +48.84 +9.1 CamberEnergy(CEI) 20876 1.90 +0.11 +6.1 CoinbaseGlbl(COIN) 3682647 49.98 +16.72 +50.3
MultiMetaVerse(MMV) 50879 2.92 –8.71 –74.9
Pfizer(PFE) 4470742 47.85 –3.07 –6.0 StandardLithium(SLI) 19350 3.70 +0.58 +18.6 Intel(INTC) 3373236 30.11 +1.38 +4.8
BioAtla(BCAB) 15132 3.46 –4.77 –58.0
WellsFargo(WFC) 4223897 44.22 +1.42 +3.3 ActiniumPharm(ATNM) 17922 10.15 +0.27 +2.7 BedBath(BBBY) 3360333 3.66 +2.35 +179.4
Pharvaris(PHVS) 818 9.04 –2.91 –24.4
AbbVie(ABBV) 4210352 153.60 –12.95 –7.8 ParkNational(PRK) 17606 141.71 –0.93 –0.7 AmerAirlines(AAL) 3334378 17.02 +2.84 +20.0
ArborRaphaCapBioI(ARCK) 72 11.90 –3.51 –22.8
Procter&Gamble(PG) 4024676 150.88 –3.04 –2.0 RingEnergy(REI) 16107 2.42 +0.11 +4.8 UnitedAirlines(UAL) 3130259 51.65 +9.41 +22.3
VirginOrbit(VORB) 7813 1.66 –0.45 –21.3
Merck(MRK) 3934018 112.25 –2.59 –2.3 RaMedicalSys(RMED) 15581 3.83 –2.58 –40.2 MercadoLibre(MELI) 3105446 1082.92 +209.45 +24.0
Cutera(CUTR) 7502 32.44 –8.01 –19.8
J&J(JNJ) 3807147 173.43 –6.82 –3.8 SilvercorpMetals(SVM) 13207 3.44 +0.05 +1.5 TexasInstruments(TXN) 3090612 179.01 +3.85 +2.2
LoyaltyVentures(LYLT) 2541 1.97 –0.45 –18.6

Includes Common shares only. All figures reflect activity for the most-recent five-day trading week. Share volume figures are expressed in thousands. Volume percentage leaders exclude stocks with average daily volume of fewer than 5,000 shares or priced under $5.
Average volume is based on 65 trading days. Volume figures do not reflect extended trading hours. a-Stock has not been in existence or not been traded for 65 consecutive sessions. S-Stock split or stock dividend amounting to 10% or more. X-Ex-dividend
January 16, 2023 BARRON’S 45

R E S EA RCH REPORTS
For a look back at more analyst
research and reports, go online to
Barrons.com/researchreports

How Analysts Size

Up Companies
Exxon Mobil which could help the stock valuation. Insider Transactions
XOM-NYSE Our price target is $132.
Purchases Sales
These reports, Buy • Price $110.53 on Jan. 9 $ Val $ Val
excerpted and Company Symbol Insiders Shares (000's) Company Symbol Insiders Shares (000's)
by Mizuho Securities
Crowdstrike CRWD 1 35,000 3,367 Automatic Data Processing ADP 1 148,712 35,378
edited by Barron’s,
were issued recently
Tempur Sealy International Highpeak Energy
Brt Apartments
HPK
BRT
1
1
131,539
111,883
2,894
2,229
Nvidia
Novocure
NVDA
NVCR
1
4
210,000
260,537
33,274
28,528
by investment and TPX-NYSE Guaranty Bancshares
Heico
GNTY
HEI
1
8
50,566
9,200
1,742
1,445
Zoominfo Technologies
Chargepoint CHPT
ZI 1
2
1,041,667
2,561,174
26,585
25,611
research firms. The We are assuming coverage of XOM Outperform • Price $36.21 on Jan. 10
Comera Life Sciences
Great Elm
CMRA
GEG
2
1
945,944
460,900
1,164
1,000
Firstcash
Visa
FCFS
V
1
1
277,382
58,197
24,773
12,722
reports are a with a net asset value–based price by Wedbush Biote
Compass Diversified
BTMD
CODI
4
8
326,350
44,103
979
844
Monolithic Power Systems
Mongodb
MPWR
MDB
5
6
33,356
56,899
11,506
11,359
sampling of analysts’ target of $140. Although we have in- B Riley Financial RILY 1 20,000 744 Credo Technology CRDO 2 762,679 11,119
Heska HSKA 1 11,018 646 Atlassian TEAM 2 86,140 10,769
thinking; they should Xos XOS 2 434,786 327 Autonation AN 1 99,380 10,663
not be considered
corporated a more conservative out- Guardion Health Sciences GHSI 1 116,721 254 Moderna MRNA 3 54,000 9,528
Svb Financial SIVB 1 1,000 232 Merck & Co MRK 1 83,994 9,432
the views or look for earnings and cash flow than While the mattress-industry outlook Erasca ERAS 1 60,000 231 United Therapeutics UTHR 2 30,000 8,104
Vir Biotechnology VIR 1 7,500 190 Caterpillar CAT 2 29,294 7,305
recommendations of both management and the consensus, for the year is weak, the worst is Heico HEI.A 1 1,362 166 Commercial Metals CMC 1 150,000 7,217
Protalix Biotherapeutics PLX 1 110,000 156 Genpact G 1 150,000 6,980
Barron’s. Some of it’s hard to construct a realistic sce- likely behind us, following double- Dave & Buster'S Entertainment PLAY 1 3,600 150 Cloudflare NET 1 157,152 6,462
the reports’ issuers Akamai Technologies AKAM 1 1,166 100 Iridium Communications IRDM 1 110,019 6,291
nario in which the company will not digit industry unit [sales] declines in
have provided, or An insider is any officer, director or owner of 10% or more of a class of a company's securities. In most cases, an insider must report any trade to the SEC within two business
hope to provide, be a leader in cash generation for the 2022. With declines likely to ease and days. The tables highlight companies that filed with the SEC through last Wednesday. The tables do not include pension-plan or employee stock-option activity, trades by
beneficial owners of 10% or more, trades under $2 per share or trades under 100 shares. The "Purchases" column includes only open-market and private purchases; the "Sales"
investment-banking next three to five years. XOM is a Top TPX share gains potentially acceler- column includes only open-market and private sales, and excludes trades preceded by option exercise in the 12 months prior to the reported event. Source: Thomson Reuters

or other services to Pick in the sector for 2023....Even in a
the companies being less constructive outlook for energy,
analyzed.
the stock should outperform. And if
the fears of a massive global recession
prove unfounded, XOM’s strategic
pivot to high-margin products could
really pay off in cash flow and margin
ating due to [industry] consolidation,
commodity input costs rolling over,
and the possibility of very accretive Insider Transactions Ratio
acquisitions—namely Mattress
32
Firm—we are adding TPX to Wed- Bearish
bush’s Best Ideas List and raising our
target price to $45 from $30, or 16 24

expansion. Despite an 80% increase
in the stock price in 2022, we see
Exxon Mobil trading at only a modest
premium to the U.S. oil and gas sec-
tor, and at a discount to offshore
peers.
International Flavors &
Fragrances
IFF-NYSE
Buy • Price $115.29 on Jan. 11
by UBS
IFF [is] trading at a slight discount
to its historical average and a 15%
discount to peers, [indicating] a lack
of market confidence in the com-
pany’s ability to deliver on targeted
growth and synergies from the [Nu-
trition & Biosciences] transaction.
We believe that sentiment is at a bot-
tom, and could start to improve as
IFF delivers on its plan to achieve
growth, pricing, and margin/return
targets. We also see 2023 earnings as
largely derisked, following the pre-
liminary guidance provided in De-
cember. We believe a gradual recov-
ery through 2024 should restore
confidence, potentially lifting IFF’s
multiple. This could push the stock
higher. We see 2023 targeted divest-
ments as a key to reducing leverage,
times our estimated earnings per
share for 2023, a modest premium to
its long-term average of 15 times.
Volkswagen
VOW3-Germany
Outperform • Price 127.66 euros on Jan. 11
by RBC Capital Markets
Worldwide, the VW Group sold 2.21
million vehicles in Q4/22, 0.9% higher
sequentially, and 14.3% higher year over
year. Western Europe (as determined
by the five largest countries reporting),
saw an 18% increase y/y. Sales of BEVs
[battery electric vehicles] improved
dramatically sequentially in Western
Europe in the quarter, but declined in
China, likely owing to lockdowns. VW
reported selling 205,800 BEVs globally
in the period, versus 149,300 in Q3,
117,100 in Q2, and 98,100 in Q1, when
it saw a sharp decline from the 158,300
posted in Q4/21. Europe (increasing to
140,200 in Q4 from 83,100 in Q3) was
responsible for all of the sequential
improvement, [probably aided] by in-
centives that expired at year end. China
BEV sales, meanwhile, declined to
43,000 in Q4 from 49,200 in Q3, al-
though 2022’s 155,700 bested 2021’s
82,685. Interestingly, volume BEVs (the
VW, SEAT, and Skoda brands) were
responsible for 65% of the sequential
J F M A
Ratio of Insiders Sales to Buys. Readings under 12:1 are Bullish. Those over 20:1 are Bearish. The total top 20 sales and buys are
303,607,847 and 18,859,515 respectively; Source: Thomson Reuters
improvement. Premium brands (Audi,
Porsche) accounted for 35%. Our stock
price target is 281 euros ($305.14). [VW
also has shares traded over the counter
in the U.S., under VWAGY and other
symbols.]
Cutera
CUTR-Nasdaq
Buy • Price $27.79 on Jan. 11
by Maxim Group
Although 4Q preliminary revenue was
disappointing, we remain bullish on
the company’s AviClear [laser technol-
ogy for treatment of moderate to severe
acne] and believe that the full commer-
cial launch during the quarter will sup-
port higher gross margins and revenue
growth in 2023. However, we are low-
ering our estimates and stock price
Ratio = 16
16
8
Bullish
0
M J J A S O N D J
target, to $55, from $80.
AutoNation
AN-NYSE
Buy • Price $115.47 on Jan. 11
by Benchmark
Auto Nation’s returns to shareholders
have been at the top of the comparable
dealer group’s. It has reduced share
count by 40% over the past two years,
continues to invest in AutoNation USA,
and recently completed the acquisition
of CIG Financial, marking the entrance
into captive financing. While we have
lowered our estimates owing to reduced
used-vehicle assumptions and higher
floorplan interest costs, performance
should benefit from positive industry
trends, cost containment, and a lower
share count. Price target: $185.
46 BARRON’S January 16, 2023

Barron's 50-Stock Average 59 Dow Jones Per Share Values 58 Mutual Funds 55 Week In Stocks 58

DATA
Cash Track 55 Exchange Traded Portfolios 54 N.Y. Stock Exchange 46 Weekly Bond Statistics 60
Charting the Market 43 Federal Reserve Data Bank 60 Nasdaq National Market 50 Winners & Losers Stocks 44
Coming Earnings 59 Foreign Exchange 59 New Corporate Listings 58
Conference Call Calendar 59 Gold & Silver Prices 60 New Highs & Lows 61
Delta Tactical Sentiment 59 Gold Mining Index 60 NYSE Half-Hourly Volume 58
Distributions & Offerings 58 Indexes P/Es & Yields 58 Other Market Indexes 57
Dividend Boosts - Reductions 61 Initial Public Offerings 58 Pulse of the Economy 59
Dividend Ex-Payment Dates 60 Investor Sentiment Readings 58 Stock Splits - Special Dividends 60
DJ Averages 57 Key Foreign Market Indexes 53 Stock Volume 58
DJ U.S. Total Market Industry Groups 59 Market Lab 57 Trading Diary 57
Contact Us
Dow Jones Averages 57 Money Rates, U.S. & Foreign 59 Vital Signs 37 For queries, email us at
Statistics from January 9-13, 2023 memberservices@dowjones.com

NEW YORK STOCK EXCHANGE COMPOSITE LIST - NEW HIGHS - NEW LOWS

–52-Week– Tick Div –52-Week– Tick Div –52-Week– Tick Div –52-Week– Tick Div –52-Week– Tick Div
High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt.
21.62 15.67 AmericaMovil AMX 1.7 15 20.51 +1.18.4414 10.14 9.70 AresAcqnA AAC ... 47 10.14 +0.03 ... 36.11 25.37 BP BP 3.8 dd 35.56 +1.10.3604 72.72 46.10 BoydGaming BYD .0 11 58.42 +2.20 .15
A 21.53 15.83 AmericaMovil A AMOV 3.1 15 20.21 +1.17.4414 16.48 9.90 AresCommRealEst ACRE11.4 13 11.57 +0.76 .02 26.08 4.85 BP Prudhoe BPT 28.7 4 12.18 +1.84.2974 54.21 40.52 Brady BRC 1.8 17 51.55 +3.66 .23
39.10 24.01 AmericanAssets AAT 4.6 39 27.64 +0.60 .32 86.06 53.15 AresMgmt ARES 3.1 88 77.47 +8.34 .61 34.00 5.75 BRC BRCC ... dd 6.75 +0.70 ... 6.64 3.41 BraemarHtls BHR 4.2 cc 4.79 +0.41 .05
52.83 33.75 AAR AIR ... 19 49.25 +3.16 ... 11.96 6.36 AmericanAxle AXL ... cc 8.83 +0.19 ... 42.15 31.26 Argan AGX 2.6 26 38.65 +1.67 .25 4.47 1.27 BRF BRFS ... dd 1.60 –0.07 ... 14.55 5.94 BrandywineRealty BDN 11.6 40 6.55 +0.36 .19
35.83 23.97 ABB ABB 2.1 17 33.58 +1.07.7066 24.50 9.46 AmerEagle AEO 4.7 27 15.41 +0.41 .18 60.29 19.00 ArgoGroup ARGO 4.6 dd 27.06 +0.13 .31 25.67 18.73 BRT Apartments BRT 4.9 7 20.29 +0.61 .25 9.82 4.11 BrasilAgro LND 17.7 7 5.50 +0.14.6018
54.00 37.68 ABMIndustries ABM 1.9 14 46.36 +0.15 .22 47.30 28.05 AmEqtyLf AEL .8 3 46.67 +0.28 .36 23.58 10.63 ArisWater ARIS 2.8 cc 15.22 +0.32 .09 62.84 42.58 BWX Tech BWXT 1.5 17 57.51 –0.52 .22 21.22 8.23 Braskem BAK 34.8 11 9.26 +0.32 .708
9.00 4.27 ACCO Brands ACCO 4.8 31 6.19 +0.26 .075 199.55 130.65 AmerExpress AXP 1.3 16 155.76 +5.59 .52 143.57 89.12 AristaNetworks ANET ... 31 115.00 +2.55 ... 9.08 3.89 Babcock&Wilcox BW ... dd 6.30 +0.23 ... 74.80 28.85 BreadFinancial BFH 2.2 3 38.34 –2.77 .21
13.70 7.23 AcresCmclRlty ACR ... 16 9.68 +0.72 ... 152.29 119.01 AmericanFin AFG 1.8 12 143.12 +1.95 .63 3.69 2.65 ArlingtonAsset AAIC ... 47 3.03 +0.07 ... 179.00 6.31 Babylon BBLN ... dd 10.81 +2.22 ... 23.78 11.88 BridgeInvt BRDG 7.4 10 14.63 +1.01 .27
19.14 2.69 ADC Therap ADCT ... dd 5.00 +1.45 ... 43.89 29.31 AmHomes4Rent AMH 2.2 53 32.46 +1.49 .18 11.79 2.93 ArloTech ARLO ... dd 3.93 +0.14 ... 120.54 73.20 BadgerMeter BMI .8 51 116.07 +8.07 .225 4.06 0.49 BrightHealth BHG ... dd .92 +0.34 ...
10.10 6.00 ADT ADT 1.4 dd 9.79 +0.46 .035 65.73 47.05 AIG AIG 2.0 4 64.41 –0.14 .32 15.13 10.04 ArmadaHoffler AHH 6.2 20 12.23 +0.63 .19 9.01 1.13 Bakkt BKKT ... dd 2.05 +0.72 ... 140.02 54.19 BrightHorizons BFAM ... 54 73.59 +4.04 ...
87.89 60.74 AECOM ACM .7 40 86.40 +3.25 .18 27.76 12.90 AmRltyInv ARL ... 1 20.31 –1.41 ... 9.87 4.38 ArmourResREIT ARR 19.7 dd 6.08 +0.30 .10 97.99 46.00 Ball BALL 1.4 19 57.12 +2.86 .20 4.80 2.04 BrightScholar BEDU ... ... 2.42 –0.02 ...
29.89 18.62 AES AES 2.4 dd 27.86 +1.43.1659 100.51 71.22 AmerStWater AWR 1.7 44 95.48 +0.83.3975 109.65 66.86 ArmstrongWorld AWI 1.4 18 75.04 +3.30 .254 37.21 17.54 Bally's BALY ... dd 20.83 +1.35 ... 26.48 14.73 BrightSphere BSIG .2 10 21.43 +0.48 .01
74.02 52.07 Aflac AFL 2.3 9 72.85 –0.99 .42 282.47 178.17 AmerTowerREIT AMT 2.5 37 232.81 +14.31 1.56 135.00 89.38 ArrowElec ARW ... 5 113.86 +3.78 ... 22.01 14.86 BancCalifornia BANC 1.4 11 17.33 +0.45 .06 10.20 6.11 BrightSpire BRSP11.0 8 7.28 +0.51 .20
150.28 88.55 AGCO AGCO .7 12 141.36 +5.07 .24 25.99 13.82 AmerVanguard AVD .5 25 23.16 +1.33 .03 46.71 25.67 ArtisanPtrsAsset APAM 8.5 10 34.79 +2.24 .56 4.77 2.03 BancoBBVA BBAR .0 3 4.66 +0.47.0162 14.17 5.78 BrightView BV ... 47 7.71 +0.34 ...
10.68 3.52 AG Mortgage MITT12.6 dd 6.41 +0.52 .18 173.87 122.77 AmerWaterWorks AWK 1.6 22 158.87 +0.61 .655 23.43 9.64 Artivion AORT ... dd 12.78 +0.33 ... 6.97 3.93 BancoBilbaoViz BBVA 4.3 7 6.89 +0.29.1168 44.03 21.47 BrinkerIntl EAT ... 23 37.56 +1.86 ...
8.37 1.12 a.k.a.Brands AKA ... dd 1.45 +0.10 ... 5.43 2.52 AmericanWell AMWL ... dd 3.92 +0.59 ... 74.89 11.32 Asana ASAN ... dd 14.33 +2.55 ... 3.55 2.29 BancoBradesco BBDO 5.1 6 2.57 +0.05 .075 73.42 48.38 Brink's BCO 1.3 17 62.62 +4.68 .20
21.09 3.77 AMC Ent AMC ... dd 5.06 +1.21 ... 32.99 21.49 AmericoldRealty COLD 2.8 dd 31.18 +2.38 .22 203.92 138.88 AsburyAutomotive ABG ... 5 189.05 +4.82 ... 22.74 15.64 BancodeChile BCH 5.0 7 20.60 +0.75 .855 81.44 61.19 BristolMyers BMY 3.1 24 72.51 –0.49 .57
129.04 82.76 AMN Healthcare AMN ... 10 103.86 –5.91 ... 339.41 219.99 Ameriprise AMP 1.5 14 333.18 +11.90 1.25 10.40 9.89 AscendantDigA ACDI ... 25 10.35 +0.03 ... 17.47 12.58 Bladex BLX 5.8 9 17.14 +1.04 .25 0.25 0.10 BristolMyersRt CELG.RT75.8 ... .14 +0.02.1046
2555.30 9.31 AMTD Digital HKD ... ... 11.04 –11.90 ... 174.63 127.94 AmerisourceBrgn ABC 1.2 20 164.28 –1.43 .485 12.09 4.09 AshfordHosp AHT ... dd 5.83 +1.51 ... 21.15 9.72 BancoMacro BMA 3.4 5 20.56 +2.45.0729 40.10 21.61 Bristow VTOL ... 51 28.93 +1.97 ...
25.80 1.59 AMTD IDEA AMTD ... 1 1.65 –0.25 ... 146.82 106.17 Ametek AME .6 30 146.13 +2.29 .22 114.36 83.29 Ashland ASH 1.2 dd 112.25 +5.68 .335 7.98 4.80 BancSanBrasil BSBR 5.8 ... 5.86 +0.22.0447 47.24 35.47 BritishAmTob BTI 7.0 12 38.40 –2.29.7354
10.38 9.86 AP Acqn A APCA ... cc 10.38 +0.02 ... 4.98 1.95 AmnealPharm AMRX ... dd 2.22 +0.01 ... 41.34 7.93 AspenAerogels ASPN ... dd 11.88 +0.77 ... 22.95 13.37 BcoSantChile BSAC ... 7 16.05 +0.11 ... 27.19 17.62 BrixmorProp BRX 4.7 20 22.25 –0.80 .26
4.18 2.11 ARC Document ARC 5.6 13 3.55 +0.46 .05 6.67 2.26 Ampco-Pitt AP ... dd 3.35 +0.54 ... 26.52 16.88 AssetMarkFin AMK ... 20 24.80 +0.74 ... 6.29 4.52 BcoSantMex BSMX 9.7 6 6.28 +0.27.3272 9.80 3.52 BroadmarkRealty BRMK10.0 9 4.19 +0.23 .035
7.99 4.45 ASETech ASX 8.0 6 7.05 +0.36.4794 82.86 61.67 Amphenol APH 1.0 27 80.37 +1.80 .21 25.78 17.45 AssociatedBanc ASB 3.6 11 23.27 –0.33 .21 4.01 2.26 BancoSantander SAN 2.2 6 3.37 +0.17.0559 183.33 131.35 BroadridgeFinl BR 2.0 33 144.11 +7.01 .725
124.35 78.26 ASGN ASGN ... 15 86.81 +1.80 ... 10.38 3.10 AmplifyEnergy AMPY ... 6 8.86 +0.64 ... 47.50 33.69 AssocCapital AC .5 dd 38.71 –1.48 .10 45.98 23.86 BanColombia CIB 3.7 8 29.67 +1.19.6545 24.18 14.98 Broadstone BNL 6.3 25 17.51 +0.41 .275
21.53 14.46 AT&T T 5.7 7 19.55 +0.02.2775 26.01 5.62 AmpriusTech AMPX ... ... 6.15 –0.32 ... 194.12 119.01 Assurant AIZ 2.2 22 128.75 +0.16 .70 50.11 29.31 BankofAmerica BAC 2.5 11 35.23 +0.82 .22 7.61 2.61 BrookdaleSrLiving BKD ... dd 2.73 –0.15 ...
35.46 17.71 ATI ATI ... cc 35.44 +2.92 ... 16.72 9.88 Amrep AXR ... 5 11.96 –0.04 ... 67.13 45.91 AssuredGuaranty AGO 1.6 15 62.39 +0.20 .25 36.50 26.76 BrookfieldAsset BAM ... ... 31.89 +2.11 ...
41.69 28.67 BankofButterfield NTB 5.6 8 31.44 +1.04 .44
3.93 0.22 ATI PhysTherapy ATIP ... dd .43 +0.12 ... 10.35 9.84 AndrettiAcqnA WNNR ... cc 10.31 –0.03 ... 32.00 2.40 Atento ATTO ... dd 5.50 +0.24 ... 36.79 17.58 BrookfieldBus BBUC 1.2 3 20.20 +0.87.0625
92.38 70.15 BankofHawaii BOH 3.5 15 80.60 +0.65 .70
19.79 12.27 A10Networks ATEN 1.5 31 15.82 –0.05 .06 17.93 4.43 AngelOakMtg AOMR16.7 dd 7.67 +1.26 .32 10.90 9.81 AthenaCnsmrA ACAQ ... dd 10.31 –0.25 ... 50.48 29.85 Brookfield BN 1.6 17 35.58 +2.31.1131
122.77 81.57 BankofMontreal BMO 3.5 6 97.95 +2.821.0548
10.35 9.94 AxiosSustGrwA AXAC ... dd 10.33 –0.01 ... 26.96 11.94 AngloGoldAsh AU 1.8 18 23.18 +1.71.2935 10.16 9.55 AthenaTechII A ATEK ... cc 10.10 +0.01 ... 53.64 37.55 BrookfieldInfr BIPC 3.3 19 43.31 +2.08 .36
64.63 36.22 BankNY Mellon BK 3.0 15 49.03 +1.08 .37
0.16 0.04 AxiosSustGrwRt AXAC.RT ... ... .14 +0.03 ... 67.91 44.51 AB InBev BUD .6 32 60.92 –0.17.3998 128.36 70.50 Atkore ATKR ... 6 126.16 +7.09 ... 46.01 30.03 BrookfieldInfr BIP 4.2 50 34.53 +1.58 .36
74.86 45.26 BankNovaScotia BNS 5.9 8 51.65 +1.67.7941
61.39 48.32 AXIS Capital AXS 3.1 14 56.90 +1.03 .44 32.00 15.11 AnnalyCap NLY 15.5 3 22.70 +0.56 .88 16.23 10.13 Atlas ATCO 3.3 7 15.27 –0.08 .125 51.20 29.84 BrookfieldReinsur BNRE .0 ... 35.70 +2.34.1131
46.50 31.44 BankUnited BKU 2.8 9 35.22 +1.11 .25
42.62 15.12 AZEK AZEK ... 47 22.65 +0.48 ... 23.91 8.39 AnnovisBio ANVS ... dd 12.81 –0.39 ... 122.96 97.71 AtmosEnergy ATO 2.6 20 114.74 +2.21 .74 44.41 27.19 BrookfieldRenew BEPC 4.2 16 30.63 +2.44 .32
10.35 9.86 BanyanAcqnA BYN ... 25 10.35 +0.12 ...
52.00 30.21 AZZ AZZ 1.6 dd 43.85 +1.76 .17 11.61 8.56 AnteroMidstream AM 7.9 17 11.39 +0.36 .225 6.71 1.52 ATRenew RERE ... dd 3.09 –0.26 ... 74.00 52.91 Brown&Brown BRO .8 28 61.27 +2.44 .115
23.63 7.65 Aaron's AAN 3.1 28 14.35 +1.30.1125 12.10 5.89 Barclays BCS 3.4 ... 8.96 +0.50 .104
48.80 15.98 AnteroResources AR ... 5 29.74 +1.54 ... 3.36 0.20 Audacy AUD ... dd .31 +0.08 ... 11.28 7.89 BaringsBDC BBDC10.7 30 8.86 +0.46 .24 76.60 56.97 Brown-Forman A BF.A 1.2 36 67.25 +2.97.2055
130.94 93.25 AbbottLabs ABT 1.8 26 113.51 +1.18 .51 20.59 5.82 AnywhereRealEst HOUS ... 5 8.21 +1.27 ... 40.89 20.49 Autohome ATHM 1.4 20 35.87 +0.14 .53 78.15 60.23 Brown-Forman B BF.B 1.2 36 67.07 +2.66.2055
175.91 128.26 AbbVie ABBV 3.9 20 153.60 –12.95 1.48 6.35 1.38 Barnes&NobleEduc BNED ... dd 2.11 +0.17 ...
341.98 246.21 Aon AON .7 25 317.17 +9.84 .56 108.15 65.74 Autoliv ALV 3.3 18 80.34 +1.85 .66 48.48 27.93 BarnesGroup B 1.5 86 43.89 +0.83 .16 99.65 61.89 Brunswick BC 1.8 9 79.26 +2.45 .365
42.09 14.02 Abercrombie&Fitch ANF ... 66 27.98 +2.78 ... 55.82 33.57 AptIncmREIT AIRC 5.0 6 36.20 +1.08 .45 135.57 94.92 AutoNation AN ... 5 110.51 –0.49 ... 50.35 26.50 Buckle BKE 3.1 9 45.08 –2.80 2.65
22.63 12.28 AcadiaRealty AKR 4.8 dd 15.06 +0.54 .18 26.07 13.01 BarrickGold GOLD 3.3 18 19.64 +0.60 .20
9.79 5.22 ApartmtInv AIV 21.7 4 7.55 +0.21 .02 2610.05 1703.32 AutoZone AZO ... 20 2368.88 –117.76 ... 62.27 25.75 Bath&BodyWks BBWI 1.7 12 46.66 +0.54 .20 12.35 5.09 Buenaventura BVN 1.0 6 8.36 +0.24 .073
14.04 7.26 AccelEnt ACEL ... 12 8.87 +0.35 ... 10.81 9.85 ApeironCapA APN ... 32 10.45 +0.15 ... 259.05 157.69 Avalonbay AVB 3.8 19 167.85 +4.22 1.59 26.87 12.47 Build-A-Bear BBW ... 7 24.33 –0.67 ...
360.10 242.95 Accenture ACN 1.6 26 282.14 +12.93 1.12 10.41 9.75 BatteryFutureA BFAC ... 19 10.29 +0.01 ...
24.50 13.09 APi Group APG ... dd 20.71 +1.63 ... 51.71 37.64 Avangrid AGR 4.1 19 43.40 –0.79 .44 20.20 12.20 Bausch+Lomb BLCO ... cc 16.59 +0.46 ... 10.10 9.65 BuildAcqnA BGSX ... 41 10.07 +0.04 ...
10.05 9.60 AcropolisInfrA ACRO ... dd 10.01 +0.05 ... 14.55 7.91 ApolloComRlEst ARI 11.9 6 11.74 +0.54 .35 35.91 19.32 AvanosMedical AVNS ... 33 29.40 +2.34 ... 80.40 48.91 BuildersFirst BLDR ... 4 71.93 +4.69 ...
209.67 142.71 AcuityBrands AYI .3 16 173.78 +4.02 .13 27.50 4.00 BauschHealth BHC ... 11 7.50 +0.03 ...
71.72 45.62 ApolloGlbMgmt APO 2.3 dd 69.71 +5.38 .40 38.83 17.91 Avantor AVTR ... 25 22.10 +2.03 ... 128.40 80.41 Bunge BG 2.5 10 100.42 +3.80 .625
53.94 37.46 Acushnet GOLF 1.5 20 47.61 +4.28 .18 89.70 44.33 BaxterIntl BAX 2.6 dd 44.84 –3.61 .29
10.10 9.66 ApolloStratII A APGB ... 45 10.08 +0.02 ... 20.40 0.12 Avaya AVYA ... dd .28 +0.07 ... 11.20 6.94 BurfordCapital BUR 2.7 ... 9.13 +0.43.0625
13.55 6.95 Adecoagro AGRO 3.8 6 8.38 +0.37.1602 2.47 0.50 Beachbody BODY ... dd .69 +0.17 ...
18.69 13.79 AppleHospREIT APLE 5.8 24 16.49 +0.92 .08 211.36 151.62 AveryDennison AVY 1.5 20 195.34 +7.03 .75 243.94 106.47 BurlingtonStrs BURL ... 91 225.25 +1.34 ...
50.60 27.15 Adient ADNT ... dd 41.88 +3.54 ... 10.39 9.75 BeardEnerA BRD ... ... 10.25 +0.05 ...
133.74 88.09 AppliedIndlTechs AIT 1.1 18 126.08 +5.45 .34 55.44 27.65 Avient AVNT 2.6 19 38.59 +0.72.2475 8.72 2.17 ButterflyNtwk BFLY ... dd 2.43 +0.20 ...
10.95 9.80 AditEdTechA ADEX ... cc 10.19 +0.09 ... 22.04 9.47 BeazerHomes BZH ... 2 14.65 +1.17 ...
122.94 90.23 Aptargroup ATR 1.3 32 113.97 –0.09 .38 46.90 35.72 Avista AVA 4.1 24 42.88 –0.66 .44 28.97 20.15 BylineBancorp BY 1.6 11 23.20 +0.11 .09
44.40 19.14 AdtalemGlbEduc ATGE ... dd 37.32 –0.05 ... 156.37 77.96 Aptiv APTV ... 88 101.55 +3.24 ... 277.29 215.90 BectonDicknsn BDX 1.4 43 255.85 –3.49 .91
33.16 20.66 AxaltaCoating AXTA ... 30 27.27 +0.74 ... 82.83 47.89 Belden BDC .2 24 80.99 +5.51 .05
242.96 138.52 AdvanceAuto AAP 4.0 19 151.03 –2.99 1.50 45.47 28.74 Aramark ARMK 1.0 60 45.31 +1.36 .11 60.97 33.91 AxosFinancial AX ... 10 41.40 +2.43 ... C
153.36 79.90 AdvDrainageSys WMS .5 16 88.73 +5.82 .12 18.52 11.16 ArborRealty ABR 10.8 8 14.30 +0.51 .40 28.95 20.20 BellRing BRBR ... 35 27.00 +0.42 ...
17.46 5.29 Azul AZUL ... dd 6.83 ... ... 30.00 21.11 BenchmarkElec BHE 2.3 17 28.71 +1.21 .165
57.10 30.69 AdvanSix ASIX 1.3 8 43.17 +4.29 .145 37.47 19.25 ArcelorMittal MT 1.0 2 31.17 +2.43 .38 21.53 3.26 AzurePowerGlbl AZRE ... dd 4.00 –0.52 ... 319.33 238.29 CACI Intl CACI ... 19 293.56 –21.05 ...
6.22 3.76 Aegon AEG 3.2 27 5.53 +0.34.1096 183.53 86.50 ArchResources ARCH .7 3 138.97 –2.5310.50 5.85 2.16 BensonHill BHIL ... dd 2.42 ... ... 5.59 2.73 CBD Pao CBD 1.6 3 3.58 +0.38.0713
6.57 1.85 Aenza AENZ ... dd 3.17 ... ... 5.24 1.62 ArcherAviation ACHR ... dd 2.60 +0.30 ... B 10.43 9.65 BerensonAcqnI BACA ... 18 10.05 +0.02 ... 51.67 35.46 CBIZ CBZ ... 24 48.22 +1.70 ...
68.92 37.20 AerCap AER ... dd 63.49 +2.07 ... 98.88 65.64 ArcherDaniels ADM 1.8 12 88.40 +2.45 .40 76.99 53.34 Berkley WRB .5 16 73.36 –0.93 .50 34.91 21.66 CBL&Assoc CBL 3.8 dd 26.50 +2.83 2.20
56.53 35.47 AerojetRocket AJRD ... 48 55.96 +0.06 ... 10.44 6.28 Archrock AROC 6.1 38 9.53 +0.29 .145 4.46 1.25 Bark BARK ... dd 1.93 +0.27 ... 544389 393012 BerkHathwy A BRK.A ... dd 481021 –934.00 ... 106.60 66.31 CBRE Group CBRE ... 14 86.11 +5.19 ...
5.90 1.17 AevaTech AEVA ... dd 1.69 +0.42 ... 34.94 16.33 Arconic ARNC ... 53 23.67 +1.26 ... 33.69 10.91 B&G Foods BGS 5.5 dd 13.84 +1.40 .19 362.10 259.85 BerkHathwy B BRK.B ... dd 317.64 –1.05 ... 10.17 9.72 CCNeubergerIII A PRPC ... 24 10.15 +0.02 ...
172.01 108.12 AffiliatedMgrs AMG .0 13 168.42 +3.56 .01 8.81 5.10 ArcosDorados ARCO 1.7 14 8.73 +0.59 .03 59.34 39.88 BCE BCE 5.9 19 46.66 +0.82.7017 31.78 23.62 BerkshireHills BHLB 2.3 18 30.79 ... .18 119.60 63.10 CF Industries CF 1.8 6 86.91 +2.50 .40
10.15 9.66 AfricanGoldA AGAC ... 49 10.13 +0.07 ... 65.80 43.42 Arcosa ACA .3 29 58.68 +4.94 .05 5.65 0.50 BEST BEST ... 0 .82 +0.21 ... 73.91 44.52 BerryGlobal BERY 1.6 11 61.55 +0.05 .25 10.28 9.87 C5AcqnA CXAC ... cc 10.27 +0.02 ...
10.08 9.57 AfterNextA AFTR ... 23 10.05 –0.03 ... 10.15 9.67 ArctosNorthA ANAC ... 32 10.12 +0.01 ... 16.02 10.30 BGSF BGSF 3.8 14 15.82 +0.38 .15 112.96 60.79 BestBuy BBY 4.1 13 85.78 +2.74 .88 89.11 72.23 CGI GIB ... 18 86.64 +1.94 ...
160.26 112.52 AgilentTechs A .6 38 156.92 +9.25 .225 39.75 16.74 ArcusBiosci RCUS ... 22 20.38 +1.90 ... 71.04 46.92 BHP Group BHP 9.4 8 69.28 +3.24 3.50 44.60 12.87 BigLots BIG 6.6 dd 18.18 +1.29 .30 19.08 5.22 CI&T CINT ... 43 8.55 +0.81 ...
23.26 14.15 Agiliti AGTI ... 63 16.60 +1.23 ... 9.80 3.91 ArdaghMetalPkg AMBP 7.6 13 5.27 +0.06 .10 51.80 1.40 BitMining BTCM ... dd 3.07 +1.31 ... 16.12 0.58 BigBear.ai BBAI ... dd 2.39 +1.63 ... 20.93 8.50 CI Financial CIXX 4.7 7 11.40 +0.85.1335
28.36 14.36 agilon health AGL ... dd 19.83 +4.44 ... 16.32 3.09 ArdmoreShipping ASC ... 8 14.10 +0.27 ... 80.41 51.45 BJ'sWholesale BJ ... 19 69.05 +0.23 ... 819.98 540.33 BiglariA BH.A ... dd 726.97 +22.97 ... 73.76 52.41 CMS Energy CMS 2.9 14 63.92 –0.52 .46
67.14 36.69 AgnicoEagleMines AEM 2.9 38 55.95 +0.67 .40 167.39 110.56 BiglariB BH ... dd 147.84 +4.51 ... 50.33 35.90 CNA Fin CNA 3.7 13 43.25 –0.41 .40
80.44 61.62 AgreeRealty ADC 3.8 41 74.82 +4.04 .24 262.17 89.87 Bill.com BILL ... dd 103.31 +8.82 ... 17.51 10.60 CNH Indl CNHI 1.6 14 17.48 +0.76.3072
47.00 29.75 AirLease AL 1.8 dd 43.50 +2.35 .20 18.78 5.54 Biohaven BHVN ... ... 18.70 +4.27 ... 26.74 16.56 CNO Financial CNO 2.4 6 23.16 –0.66 .14
328.56 216.24 AirProducts APD 2.1 31 311.40 +1.22 1.62 670.62 344.63 Bio-RadLab A BIO ... dd 455.20 +36.52 ... 24.21 14.11 CNX Resources CNX ... dd 16.71 +0.54 ...

Five-Day Dow Composite

158.86 108.35 AlamoGroup ALG .6 20 155.41 +6.66 .22 4.15 0.14 BirdGlobal BRDS ... dd .27 +0.04 ... 79.17 19.11 CONSOL Energy CEIX 7.0 5 59.70 –0.20 1.05
11.38 6.35 AlamosGold AGI .9 cc 11.00 +0.14 .025 10.72 9.64 BiteAcqn BITE ... cc 10.11 +0.01 ... 54.11 31.22 CRH CRH 2.6 9 45.64 +2.02 .24
61.55 38.19 AlaskaAir ALK ... cc 50.29 +5.01 ... 80.95 59.08 BlackHills BKH 3.4 18 72.78 +0.75 .625 40.73 5.56 CS Disco LAW ... dd 6.22 +0.28 ...
109.59 75.24 AlbanyIntl AIN .9 33 109.29 +7.96 .25 79.78 52.00 BlackKnight BKI ... 19 60.00 –1.72 ... 23.07 17.18 CTO Realty CTO 8.1 cc 18.74 +0.67 .38
334.55 169.93 Albemarle ALB .7 18 242.23 +20.59 .395 10.27 9.83 BlackMountainA BMAC ... ... 10.24 +0.01 ... 46.31 31.07 CTS CTS .3 28 46.31 +3.77 .04
37.99 20.05 Albertsons ACI 2.2 9 21.34 +0.53 .12 Relief Rally: The Dow rose 2% for the week, as tech stocks recovered 10.10 9.39 BlackSpadeA BSAQ ... 83 10.06 –0.01 ... 28.65 10.16 C3.ai AI ... dd 12.65 +1.70 ...
98.09 33.55 Alcoa AA .7 dd 54.61 +8.25 .10 9.32 3.17 BlackBerry BB ... dd 3.81 +0.29 ... 16.85 2.97 Curo CURO 9.7 dd 4.53 +0.81 .11
81.98 55.21 Alcon ALC .3 64 74.04 +2.34 .20 recent losses and financials cheered inflation’s ease. Goldman Sachs 858.75 503.12 BlackRock BLK 2.6 21 753.99 +15.99 4.88 43.61 16.83 CVR Energy CVI 5.0 9 31.92 +0.05 1.00
24.32 15.80 Alexander&Baldwin ALEX 4.2 54 19.85 +0.65 .22 3.73 1.00 BlackSkyTech BKSY ... dd 1.86 +0.13 ... 179.74 80.30 CVR Partners UAN .0 4 104.45 +1.09 1.77
268.53 200.97 Alexander's ALX 7.8 10 229.41 +7.52 4.50 gained 7.5% on the week, while Johnson & Johnson gave up 3.8%. 138.95 71.72 Blackstone BX 5.8 24 85.04 +5.82 .90 111.25 86.28 CVS Health CVS 2.7 38 89.92 –1.68 .605
210.70 126.74 AlexandriaRlEst ARE 3.1 47 155.57 +7.97 1.21 32.91 20.87 BlackstoneMtg BXMT10.6 9 23.35 +1.30 .62 1612.99 620.57 CableOne CABO 1.5 13 759.35 +43.75 2.85
136.75 58.01 Alibaba BABA ... cc 117.01 +9.61 ... 10.22 1.00 BlendLabs BLND ... dd 1.54 +0.04 ... 78.62 53.32 Cabot CBT 2.0 20 72.52 +2.64 .37
11.10 6.31 Alight ALIT ... 61 8.93 +0.20 ... Monday Tuesday Wednesday Thursday Friday 48.76 21.08 BlockHR HRB 3.1 12 37.85 +1.17 .29 64.18 34.70 Cactus WHD .8 36 55.59 +0.99 .11
125.61 87.33 Allegion ALLE 1.4 23 113.76 +2.34 .41 149.00 51.34 Block SQ ... dd 71.65 +2.66 ... 34.20 22.04 CadenceBank CADE 3.4 15 25.82 +0.93 .22
28.44 2.33 Allego ALLG ... ... 3.87 +0.69 ... 34,380 31.47 11.47 BloomEnergy BE ... dd 23.17 +4.14 ... 31.50 17.74 Cadre CDRE 1.5 cc 21.96 +0.47 .08
68.46 47.77 Allete ALE 4.0 18 65.43 –0.01 .65 9.21 0.61 BlueApron APRN ... dd 1.01 +0.28 ... 27.97 15.23 CAE CAE ... 68 21.11 +1.17 ...
51.85 31.31 AllianceBernstein AB 9.1 12 39.03 +2.07 .64 14.70 8.06 BlueOwlCapital OWL 3.9 dd 12.38 +1.71 .12 31.13 17.82 Caleres CAL 1.2 5 23.88 +1.09 .07
45.33 32.63 AllisonTransm ALSN 1.9 8 43.33 +1.08 .21 32.96 16.24 BluegreenVac BVH 2.1 8 28.07 +2.18 .15 51.46 35.95 CaliforniaRscs CRC 2.5 3 45.64 +3.56.2825
144.46 111.85 Allstate ALL 2.4 dd 138.97 –2.40 .85 34,135 100.01 57.50 BlueLinx BXC ... 2 79.99 +5.59 ... 66.12 48.46 CalWtrSvc CWT 1.6 42 62.39 +0.48 .25
52.92 22.34 AllyFinancial ALLY 4.4 5 27.06 +0.99 .30 10.13 9.71 BlueRiverA BLUA ... 64 10.12 +0.01 ... 77.44 31.59 Calix CALX ... 90 64.28 –5.17 ...
186.98 55.98 AlphaMetal AMR 1.1 2 156.72 +5.06 5.00 10.51 9.71 BluescapeOppsAcqn BOAC ... 18 9.76 –0.07 ... 66.48 31.23 CallonPetrol CPE ... 2 40.15 +3.85 ...
20.21 15.41 AlpineIncmProp PINE 5.5 8 19.75 +0.71 .275 229.67 113.02 Boeing BA ... dd 214.13 +1.13 ... 175.69 107.90 CamdenProperty CPT 3.2 16 117.95 +3.95 .94
16.04 8.65 AltaEquipment ALTG 1.4 81 15.89 +0.87 .057 33,890 85.17 55.14 BoiseCascade BCC .8 3 70.69 +2.30 1.00 32.49 18.03 Cameco CCJ .4 cc 25.49 +1.05.0941
10.03 9.60 AltC Acqn ALCC ... cc 9.99 ... ... 112.73 50.20 BootBarn BOOT ... 12 75.57 +13.58 ... 57.78 41.73 CampbellSoup CPB 2.7 21 54.96 –2.05 .37
76.35 39.55 Alteryx AYX ... dd 50.75 +3.56 ... 112.55 69.68 BoozAllen BAH 1.8 24 94.99 –7.90 .43 37.45 20.55 CampingWorld CWH 9.7 6 25.71 +1.35 .625
16.17 3.68 AlticeUSA ATUS ... 3 4.84 +0.10 ... 4.80 1.00 BoqiiHolding BQ ... dd 2.05 +0.65 ... 34.45 14.51 CanadaGoose GOOS ... 36 22.21 +2.73 ...
10.13 9.69 AltimarAcqnIIIA ATAQ ... 29 10.11 +0.02 ... 33,645 49.84 31.14 BorgWarner BWA 1.5 13 44.48 +1.33 .17 66.24 39.40 CIBC CM 5.9 8 43.67 +1.60.6329
57.05 40.35 Altria MO 8.2 18 45.62 –0.83 .94 6.96 1.75 BorrDrilling BORR ... dd 5.77 +0.48 ... 137.19 103.79 CanNtlRlwy CNI 1.7 22 123.69 +1.37.5401
14.72 4.26 AltusPower AMPS ... dd 8.41 +1.45 ... (Prev Fri) 470.84 287.00 BostonBeer SAM ... cc 357.66 +28.96 ... 70.60 44.45 CanNaturalRes CNQ 4.4 7 57.33 +2.80 .632
17.59 7.24 AmbacFin AMBC ... 2 17.12 +0.16 ... -112.96 +186.45 +268.91 +216.96 +112.64 30.94 18.68 BostonOmaha BOC ... dd 28.07 +1.25 ... 84.22 65.17 CanPacRlwy CP .7 32 79.11 +1.58.1478
3.32 2.42 Ambev ABEV 4.0 17 2.71 ....1457 33,400 133.11 64.03 BostonProps BXP 5.5 12 71.20 +4.15 .98 3.80 1.22 Cango CANG .0 dd 1.42 +0.02 .98
6.98 0.38 AmbrxBio AMAM ... dd 2.24 +0.04 ... 47.95 34.98 BostonSci BSX ... cc 46.53 +0.20 ... 33.00 17.11 Cannae CNNE ... dd 23.53 +1.84 ...
13.61 10.42 Amcor AMCR 4.0 22 12.13 –0.07.1225 10 12 2 4 10 12 2 4 10 12 2 4 10 12 2 4 10 12 2 4 15.28 6.96 Bowlero BOWL ... dd 14.25 +0.51 ... 9.75 0.98 CanoHealth CANO ... dd 1.48 +0.42 ...
99.20 73.28 Ameren AEE 2.6 23 90.15 +1.83 .59 33.04 22.31 Box BOX ... dd 30.50 +0.59 ... 25.79 20.84 Canon CAJ 3.4 13 22.13 +0.20.4459
86.73 40.73 Ameresco AMRC ... 30 59.70 +4.43 ... 12.45 0.18 Boxed BOXD ... dd .64 +0.25 ... 162.40 86.98 CapitalOne COF 2.3 5 102.85 +5.78 .60
January 16, 2023 BARRON’S 47

D ATA NEW YORK STOCK EXCHANGE COMPOSITE LIST B A R R ON S .C OM / D ATA

–52-Week– Tick Div –52-Week– Tick Div –52-Week– Tick Div –52-Week– Tick Div –52-Week– Tick Div
High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt.
72.37 36.90 Capri CPRI ... 11 64.23 +2.83 ... 97.63 55.25 Copa CPA ... 10 93.51 +8.41 ... 156.67 95.64 EMCOR EME .4 21 152.69 +5.05 .15 27.36 3.64 Farfetch FTCH ... 5 5.73 +0.81 ... 286.63 154.82 Globant GLOB ... 52 168.26 +7.98 ...
81.57 49.09 CardinalHealth CAH 2.6 dd 76.87 –1.77.4957 26.63 18.75 Core&Main CNM ... 10 21.37 +0.61 ... 32.56 20.38 ENI E 4.0 3 31.45 +1.95.3107 16.43 10.62 FarmlandPtrs FPI 1.8 79 13.27 +0.47 .06 123.85 87.87 GlobeLife GL .7 17 121.28 –2.09.2075
22.84 15.90 CareTrustREIT CTRE 5.7 dd 19.29 +0.15 .275 35.83 13.19 CoreLabs CLB .2 72 23.37 +2.35 .01 150.88 92.16 EOG Rscs EOG 2.5 10 129.46 +1.99 .825 32.00 7.15 Fastly FSLY ... dd 9.66 +1.18 ... 81.78 52.60 GlobusMedical GMED ... 49 74.40 +2.18 ...
318.71 211.06 Carlisle CSL 1.3 15 239.43 +2.80 .75 23.50 18.81 CorebridgeFin CRBG 4.4 1 20.89 +0.80 .23 546.27 168.59 EPAM Systems EPAM ... 50 345.82 +29.15 ... 11.50 1.25 FathomDigital FATH ... dd 1.86 +0.42 ... 88.32 64.65 GoDaddy GDDY ... 36 75.92 +1.40 ...
116.75 52.10 CarMax KMX ... 18 65.00 –0.78 ... 39.12 20.45 CoreCard CCRD ... 18 32.39 +3.14 ... 56.38 34.58 EPR Prop EPR 8.3 19 39.86 +2.76 .275 123.23 87.50 FedAgriMtg A AGM.A 3.6 8 105.13 +9.13 .95 11.01 9.89 GoGreenInvtsA GOGN ... cc 10.40 ... ...
23.86 6.11 Carnival CCL ... dd 10.51 +1.31 ... 14.24 8.39 CoreCivic CXW ... 11 11.50 +0.01 ... 51.97 19.20 EQT EQT 1.7 8 34.81 +1.47 .15 130.03 90.38 FedAgriMtg C AGM 3.0 9 124.80 +4.05 .95 17.20 7.03 GoldFields GFI 2.2 12 12.69 +0.74.1688
22.12 5.43 Carnival CUK ... dd 9.43 +1.25 ... 4.36 1.51 CorEnergyInfr CORR 9.4 dd 2.13 +0.13 .05 58.08 32.12 ESAB ESAB .4 ... 53.60 +1.60 .05 135.48 86.43 FederalRealty FRT 4.0 23 109.15 +4.91 1.08 10.08 9.67 GoldenFalconA GFX ... 29 10.00 +0.10 ...
44.97 24.76 CarpenterTech CRS 1.8 dd 44.60 +5.61 .20 43.47 28.98 Corning GLW 3.0 17 36.07 +0.69 .27 96.69 60.03 ESCO Tech ESE .3 30 94.30 +5.18 .08 51.28 31.86 FederalSignal FSS .7 30 50.91 +1.66 .09 20.60 13.54 GoldmanSachsBDC GSBD 12.1 17 14.86 +0.62 .45
58.31 22.71 CarriageSvcs CSV 1.5 11 30.27 +0.24.1125 9.75 5.00 CorpAmAirports CAAP ... ... 9.75 +0.60 ... 10.14 9.67 ESM Acqn A ESM ... 74 10.14 +0.03 ... 39.29 27.88 FederatedHermes FHI 2.8 14 39.21 +0.78 .27 389.58 277.84 GoldmanSachs GS 2.7 10 374.00 +25.92 2.50
51.48 33.10 CarrierGlobal CARR 1.6 11 45.87 +2.74 .185 29.64 22.22 CorpOfficeProp OFC 3.9 29 27.99 +1.75 .275 8.60 2.02 ESSTech GWH ... dd 2.47 +0.15 ... 256.66 141.92 FedEx FDX 2.4 12 188.63 +2.86 1.15 41.87 22.67 Gorman-Rupp GRC 2.5 47 27.77 +2.01 .175
16.73 8.75 Cars.com CARS ... cc 15.15 +0.62 ... 10.45 9.61 CorsairPtrA CORS ... 29 10.06 +0.07 ... 9.84 4.89 E2open ETWO ... dd 5.98 +0.19 ... 173.66 99.16 Ferguson FERG 2.5 14 139.08 –1.26 .75 76.43 56.48 Graco GGG 1.3 27 70.62 +2.03 .235
100.07 62.66 Carter's CRI 3.6 13 83.77 +4.74 .75 68.43 43.74 Corteva CTVA 1.0 34 62.72 +1.71 .15 78.75 38.10 EagleBulkShip EGLE 14.1 3 51.23 +1.24 1.80 247.26 167.45 Ferrari RACE ... 43 235.92 +11.84 ... 10.57 9.63 GrafAcqnIV GFOR ... 34 10.01 –0.04 ...
175.40 3.55 Carvana CVNA ... dd 7.02 +2.61 ... 20.97 11.36 Cosan CSAN ... 24 13.48 +0.79 ... 162.04 101.98 EagleMaterials EXP .7 13 144.19 +1.14 .25 54.08 33.17 FidNatlFin FNF 4.4 7 41.30 +1.39 .45 12.03 4.07 GrafTechIntl EAF .7 3 5.69 +0.33 .01
115.34 40.69 Catalent CTLT ... 21 49.08 +1.42 ... 18.01 8.55 Costamare CMRE 4.7 2 9.79 +0.36 .115 22.25 10.65 EarthstoneEner ESTE ... 4 13.83 +0.46 ... 122.06 56.53 FidNatlInfo FIS 2.7 45 69.75 +0.45 .47 13.97 6.51 Graham GHM ... dd 9.90 +0.56 ...
10.16 9.69 CatchaInvtA CHAA ... ... 10.14 +0.04 ... 36.55 18.39 CoterraEnergy CTRA 9.9 5 25.10 +0.84 .53 22.74 13.49 EasterlyGovtProp DEA 6.7 66 15.81 +0.91 .265 9.08 3.04 51TalkOnlineEd COE ... dd 6.11 –0.05 ... 664.37 525.58 GrahamHoldings GHC 1.0 22 634.65 +13.52 1.58
258.58 160.60 Caterpillar CAT 1.9 19 258.46 +9.60 1.20 10.02 5.90 Coty COTY ... cc 9.51 +0.31 ... 217.46 137.47 EastGroup EGP 3.1 31 160.97 +11.12 1.25 4.23 1.20 FinanceofAm FOA ... dd 1.57 +0.14 ... 612.06 440.48 Grainger GWW 1.2 20 573.86 +21.13 1.72
18.00 8.40 Cato CATO 6.6 dd 10.28 +0.45 .17 27.12 8.98 Coupang CPNG ... dd 16.91 +0.20 ... 129.48 69.91 EastmanChem EMN 3.5 10 91.38 +2.67 .79 10.15 9.64 FinTechEvolA FTEV ... 29 10.13 +0.01 ... 39.20 25.35 GraniteConstr GVA 1.3 32 39.10 +3.62 .13
5.38 0.13 Cazoo CZOO ... ... .28 +0.09 ... 24.01 9.81 Coursera COUR ... dd 13.30 +0.72 ... 7.50 2.78 EastmanKodak KODK ... dd 3.62 +0.38 ... 5.64 2.68 FinVolution FINV 3.4 4 5.50 +0.18 .205 12.33 5.16 GranitePointMtg GPMT15.3 dd 6.19 +0.46 .20
62.56 37.58 CedarFairRec FUN 2.9 9 41.91 –1.01 .30 41.69 21.72 CousinsProperties CUZ 4.9 13 25.98 +1.71 .32 171.71 122.50 Eaton ETN 2.0 29 164.45 +3.35 .81 81.32 43.54 FirstAmerFin FAF 3.5 14 58.96 +1.45 .52 14.00 8.01 GraniteRidge GRNT 3.7 cc 8.55 –0.54 .08
173.95 86.71 Celanese CE 2.3 8 121.29 +4.67 .70 114.87 82.14 Crane CR 1.7 17 107.71 +3.44 .47 221.57 131.04 Ecolab ECL 1.4 39 154.43 +4.97 .53 16.62 11.94 FirstBanCorp FBP 3.6 9 13.24 +0.12 .12 24.07 17.99 GraphicPkg GPK 1.8 17 22.43 –0.39 .10
13.40 8.21 Celestica CLS ... 12 13.00 +1.62 ... 8.29 5.13 Crawford A CRD.A 3.7 dd 6.49 +1.02 .06 19.81 8.59 Ecopetrol EC 12.6 3 11.62 +0.66.7966 17.63 12.76 FirstCmwlthFin FCF 3.3 11 14.45 +0.23 .12 49.40 10.30 GravitasEduc GEHI ... ... 14.03 +0.58 ...
7.00 4.39 CementosPacasm CPAC 9.0 10 5.49 +0.41.5276 8.65 5.05 Crawford B CRD.B 4.0 dd 5.99 +0.64 .06 12.05 8.20 Ecovyst ECVT ... 22 9.95 +0.68 ... 24.92 16.51 FirstHorizon FHN 2.4 17 24.65 +0.10 .15 24.81 8.61 GrayTelevision GTN 2.8 4 11.55 –0.51 .08
6.83 3.20 Cemex CX ... 8 4.98 +0.39 ... 182.11 113.21 Credicorp BAP 2.6 10 148.68 +2.683.9936 51.86 32.00 EdgewellPersonal EPC 1.5 22 41.07 +1.20 .15 65.92 42.91 FirstIndRlty FR 2.3 17 51.07 +1.89 .295 23.29 8.50 GrayTelevision A GTN.A 2.7 4 11.69 +0.28 .08
24.91 13.01 CenovusEnergy CVE 1.7 10 19.33 +0.45 .077 10.55 2.98 CreditSuisse CS 1.1 dd 3.44 +0.16.0528 73.32 54.45 EdisonInt EIX 4.3 36 68.20 +1.33.7375 14.59 6.31 FirstMajestic AG .3 dd 8.77 –0.17.0061 13.32 7.02 GreatAjax AJX 12.6 dd 8.58 +0.78 .27
98.53 73.19 Centene CNC ... 22 77.04 –1.62 ... 19.65 10.83 CrescentEnergy CRGY 4.9 6 12.84 +1.87 .17 131.10 67.13 EdwardsLife EW ... 34 78.31 +1.30 ... 199.91 106.86 FirstRepBank FRC .8 15 128.78 +2.25 .27 30.80 16.80 GreenBrickPtrs GRBK ... 5 27.70 +0.99 ...
33.50 25.03 CenterPointEner CNP 2.4 13 31.31 +1.32 .19 10.96 5.51 CrescentPoint CPG 4.1 3 7.15 +0.48.0736 29.66 11.18 ElancoAnimal ELAN ... dd 13.08 +0.38 ... 48.85 35.32 FirstEnergy FE 3.7 19 42.73 +0.36 .39 35.08 15.03 GreenDot GDOT ... 20 17.54 +0.39 ...
10.57 3.77 CenterraGold CGAU 3.4 6 6.16 +0.38 .054 32.96 22.88 CrestwoodEquity CEQP 9.8 86 26.65 –1.45 .655 100.39 46.18 Elastic ESTC ... dd 51.21 +3.27 ... 12.30 4.42 FiscalNote NOTE ... dd 5.71 –0.01 ... 53.46 23.80 Greenbrier GBX 3.7 51 29.31 +0.65 .27
108.64 57.03 Centerspace CSR 4.7 dd 62.34 +1.98 .73 27.17 12.27 CrossTimbers CRT 7.9 14 24.71 +0.95.1503 12.49 5.06 EldoradoGold EGO ... dd 9.03 +0.13 ... 15.28 6.41 Fisker FSR ... dd 7.27 +0.19 ... 20.09 5.65 Greenhill GHL 3.1 65 12.70 +0.56 .10
10.39 5.62 CentraisElBras EBR 3.6 14 8.17 +0.33.1306 199.97 121.71 CrownCastle CCI 4.1 41 150.86 +5.151.565 24.85 15.31 ElementSolns ESI 1.6 27 19.53 +1.01 .08 6.63 1.88 FivePoint FPH ... dd 2.41 +0.21 ... 7.45 2.32 GreenTree GHG ... ... 3.91 +0.11 ...
30.97 18.59 CentralPacFin CPF 4.9 8 21.31 +0.37 .26 130.42 66.00 CrownHoldings CCK 1.0 dd 87.57 +3.68 .22 549.52 420.73 ElevanceHealth ELV 1.1 19 483.00 +7.52 1.28 94.37 26.16 FiverrIntl FVRR ... dd 33.24 +4.21 ... 74.22 53.65 Greif A GEF 2.8 11 70.53 +3.26 .50
6.48 2.73 CentralPuerto CEPU 2.0 8 6.40 +0.11.1649 10.16 9.80 CrownPropA CPTK ... cc 10.12 ... ... 3.95 0.67 ElevateCredit ELVT ... dd 1.81 +0.03 ... 10.15 9.65 FlameAcqnA FLME ... 43 10.10 +0.04 ... 82.50 53.45 Greif B GEF.B 3.6 9 82.12 +4.01 .74
74.44 39.00 CenturyComm CCS 1.4 3 58.06 +3.17 .20 54.95 36.82 CubeSmart CUBE 4.7 37 41.72 +2.32 .49 18.13 10.81 EllingtonFin EFC 13.2 dd 13.64 +0.67 .15 265.30 161.69 FleetCorTech FLT ... 16 194.70 +7.49 ... 20.42 16.19 GreystoneHousing GHI 8.0 6 18.29 +0.16 .10
85.23 43.23 CeridianHCM CDAY ... dd 67.62 +6.66 ... 160.60 112.67 Cullen/Frost CFR 2.5 18 137.09 +2.35 .87 10.96 5.70 EllingtonResiMtg EARN12.5 dd 7.71 +0.41 .08 38.24 16.65 FlexLNG FLNG 9.5 8 31.71 +1.64 .75 39.82 17.56 Griffon GFF 1.0 dd 39.57 +3.48 .10
58.10 3.90 CharahSolutions CHRA ... dd 6.56 –0.91 ... 9.28 3.95 Culp CULP 8.5 dd 5.42 +0.18 .115 10.30 9.63 ElliottOppIIA EOCW ... 31 10.11 +0.03 ... 112.79 59.91 Floor&Decor FND ... 33 84.80 +7.70 ... 71.51 4.50 Grindr GRND ... dd 5.64 +0.44 ...
20.99 8.07 ChargePoint CHPT ... dd 11.88 +2.87 ... 254.09 184.28 Cummins CMI 2.5 19 252.65 +8.75 1.57 26.43 16.14 ElmeComms ELME 3.7 dd 18.42 +0.32 .17 1.97 0.68 FlotekIndustries FTK ... dd 1.24 +0.15 ... 200.86 136.16 Group1Auto GPI .8 5 192.44 +6.72 .39
356.34 181.36 CharlesRiverLabs CRL ... 27 232.62 +12.78 ... 182.55 124.37 Curtiss-Wright CW .5 25 165.88 –4.08 .19 11.88 8.28 EmbotellAndinaA AKO.A 11.2 9 11.17 +1.07 .142 30.16 24.15 FlowersFoods FLO 3.1 27 27.99 –1.17 .22 12.50 0.18 GroveCollab GROV ... dd .56 +0.08 ...
242.59 107.68 ChartIndustries GTLS ... 72 132.98 +11.03 ... 23.54 10.04 Cushman&Wkfd CWK ... 10 13.96 +0.87 ... 14.82 9.63 EmbotellAndinaB AKO.B 9.9 11 13.85 –0.47.1562 37.59 23.89 Flowserve FLS 2.4 53 33.87 +2.36 .20 177.94 119.31 GpoAeroportuar PAC 3.8 ... 172.40 +10.403.3121
15.12 9.59 ChathamLodging CLDT 2.2 dd 12.71 +0.70 .07 9.40 4.54 CustomTruck CTOS ... cc 7.16 +0.46 ... 16.07 7.91 Embraer ERJ ... cc 12.34 +1.22 ... 36.50 19.80 Fluor FLR ... dd 36.37 +3.88 ... 273.80 179.01 GpoAeroportSur ASR 2.9 18 270.86 +14.124.5984
7.75 1.41 CheetahMobile CMCM ... ... 2.54 +0.31 ... 75.45 26.43 CustomersBancorp CUBI ... 3 29.62 +1.95 ... 4.55 2.42 EmeraldHldg EEX ... 37 3.60 +0.10 ... 86.58 58.73 FomentoEconMex FMX 1.7 33 85.01 +4.78.8391 5.79 1.96 GpoAvalAcc AVAL73.4 4 2.46 +0.09.2855
37.64 15.66 Chegg CHGG ... 13 24.62 –1.06 ... 52.28 10.61 EmergentBiosol EBS ... 17 13.43 –0.13 ... 47.42 23.85 FootLocker FL 4.1 9 39.19 –0.42 .40 2.95 1.20 GpoSupervielle SUPV 1.0 dd 2.93 +0.56.0151
D
528.72 430.16 Chemed CHE .3 29 497.45 –3.56 .38 100.00 72.41 EmersonElec EMR 2.1 18 97.92 –0.03 .52 25.28 10.61 FordMotor F 4.7 6 12.72 +0.14 .15 11.90 4.47 GrupoTelevisa TV ... 12 5.63 +0.61 ...
44.95 22.56 Chemours CC 3.0 6 33.58 +1.18 .25 10.06 6.24 EmpireStateRealty ESRT 1.8 cc 7.58 +0.78 .035 10.11 9.67 ForestRoadII A FRXB ... 30 10.08 +0.03 ... 24.66 14.27 Guess GES 4.0 12 22.64 +0.18 .225
8.44 4.58 CherryHillMtg CHMI16.7 2 6.48 +0.55 .27 10.88 9.54 D&ZMediaA DNZ ... 35 10.09 +0.08 ...
42.15 25.79 DCP Midstream DCP 4.1 8 41.98 +0.03 .43 46.73 32.58 EmployersHldgs EIG 2.4 22 43.09 +0.35 1.25 20.52 10.28 Forestar FOR ... 5 17.00 +0.81 ... 104.76 52.08 Guidewire GWRE ... dd 68.63 +5.45 ...
142.81 105.79 ChesapeakeUtil CPK 1.7 26 124.10 +3.99 .535 10.51 3.88 EmpresaDisCom EDN ... dd 9.84 +0.49 ... 47.50 1.26 ForgeGlobal FRGE ... dd 1.99 +0.20 ... 13.99 7.18 GuildHldgs GHLD ... 2 11.11 +0.47 ...
189.68 122.84 Chevron CVX 3.2 10 177.56 +1.00 1.42 7.57 4.17 DHI Group DHX ... cc 5.48 +0.03 ...
10.64 4.55 DHT DHT 1.4 dd 8.72 +0.23 .04 47.67 35.02 Enbridge ENB 6.2 20 41.76 +1.24.6538 25.00 11.94 ForgeRock FORG ... dd 20.11 –1.75 ... 108.10 60.46 GulfportEnergy GPOR ... 9 80.41 +4.78 ...
54.19 22.22 ChewyA CHWY ... dd 43.76 +6.24 ... 62.06 42.17 EncompassHealth EHC 1.0 22 61.02 –0.42 .28 51.66 34.76 Fortis FTS 4.0 20 41.82 +0.78.4139
7.31 3.80 Chico'sFas CHS ... 5 4.63 –0.63 ... 10.96 4.66 DRDGOLD DRD ... 10 8.95 +0.40 ... H
140.23 100.64 DTE Energy DTE 3.2 20 117.93 –1.51.9525 146.47 61.55 Endava DAVA ... 38 78.60 +6.79 ... 73.22 52.47 Fortive FTV .4 35 67.43 +1.89 .07
14.77 4.91 ChimeraInvt CIM 13.5 dd 6.84 +0.57 .23 33.44 17.42 Endeavor EDR ... 19 21.40 +0.07 ... 10.31 9.71 FortressCapA FCAX ... 27 10.13 +0.01 ...
22.92 15.54 ChinaEastrnAir CEA ... dd 21.60 +0.44 ... 61.12 45.58 DT Midstream DTM 4.7 14 54.65 +0.88 .64 279.02 164.47 HCA Healthcare HCA .9 15 258.87 +4.35 .56
13.23 1.02 D-WaveQuantum QBTS ... dd 1.68 +0.58 ... 5.78 2.47 EndeavourSilver EXK ... dd 3.66 +0.19 ... 4.68 2.05 FortunaSilver FSM ... 28 3.68 +0.04 ...
11.75 3.90 ChinaGreenAg CGA ... dd 4.28 +0.04 ... 2.28 0.98 EnelChile ENIC 1.2 35 2.19 +0.04.0154 88.35 45.25 FortuneBrandsInnov FBIN 1.5 11 63.31 +2.44 .23 74.22 27.65 HCI Group HCI 3.7 dd 43.19 +3.46 .40
36.12 23.50 ChinaSoAirlines ZNH ... dd 35.75 +1.37 ... 39.65 22.65 DXC Tech DXC ... 9 28.81 +0.64 ... 72.20 50.61 HDFC Bank HDB .7 23 67.52 +0.12.5805
25.51 11.17 Dana DAN 2.3 dd 17.50 +0.43 .10 7.66 3.86 Enerflex EFXT 1.0 dd 7.25 +1.00.0187 32.00 16.41 ForumEnergyTech FET ... dd 29.08 +0.82 ...
14.39 6.73 ChinaYuchai CYD 4.5 21 8.93 +0.80 .40 41.62 24.81 Energizer ENR 3.2 dd 37.09 +0.12 .30 30.13 22.67 FourCornersProp FCPT 4.8 23 28.23 +1.45 .34 66.19 29.14 HF Sinclair DINO 3.1 5 52.01 +1.11 .40
1754.56 1196.28 Chipotle CMG ... 53 1524.57 +122.51 ... 303.82 233.71 Danaher DHR .4 30 273.62 +21.13 .25 10.35 9.67 HH&L Acqn HHLA ... 43 10.14 +0.02 ...
107.47 51.10 Danaos DAC 5.5 2 55.03 +0.43 .75 12.95 8.75 EnergyTransfer ET 8.4 9 12.67 +0.52 .265 28.40 5.70 FourSeasonsEduc FEDU ... dd 8.12 +2.04 ...
153.71 104.15 ChoiceHotels CHH .8 20 119.95 +5.05.2375 22.10 2.21 EnergyVault NRGV ... dd 4.00 +0.94 ... 169.32 109.70 Franco-Nevada FNV .9 37 146.69 +6.89 .32 44.50 26.51 HNI HNI 4.2 11 30.67 +0.94 .32
6.78 1.57 DanimerScientific DNMR ... dd 2.15 +0.42 ... 41.47 24.08 HP HPQ 3.8 9 27.91 –0.45.2625
230.27 173.78 Chubb CB 1.5 16 227.19 –1.67 .83 27.37 16.09 EnerpacTool EPAC .2 69 25.40 –0.03 .04 16.20 10.34 FrankBSPRealty FBRT10.0 dd 14.19 +0.60 .355
77.18 32.20 DaqoNewEnergy DQ ... 2 43.65 +3.89 ... 38.61 24.77 HSBC HSBC 3.7 12 36.15 +1.84 .45
45.87 32.90 ChunghwaTel CHT 6.3 23 37.68 +0.111.237 19.23 10.21 Enerplus ERF 1.0 6 17.38 +1.10.0562 54.70 34.00 FranklinCovey FC ... 34 46.18 +2.15 ...
152.08 110.96 Darden DRI 3.2 21 149.80 +2.82 1.21 7.67 1.64 HUYA HUYA ... dd 5.37 +0.48 ...
105.28 70.16 Church&Dwight CHD 1.3 27 81.91 –1.68.2625 82.06 55.60 EnerSys ENS .9 26 81.57 +6.01 .175 35.40 20.24 FranklinRscs BEN 4.0 12 30.07 +1.69 .30
87.59 55.71 DarlingIngred DAR ... 15 67.19 +3.59 ... 86.58 43.50 Haemonetics HAE ... 51 85.71 +12.11 ...
10.04 9.71 ChurchillCapV A CCV ... 21 10.01 +0.02 ... 10.73 4.81 Eneti NETI .4 8 10.62 +0.70 .01 10.14 9.69 FreedomI A FACT ... 80 10.13 +0.02 ...
124.81 65.28 DaVita DVA ... 12 79.03 –2.02 ... 16.23 7.23 Hagerty HGTY ... dd 9.32 +0.29 ...
10.31 9.71 ChurchillVI A CCVI ... 24 10.02 +0.02 ... 18.35 7.80 Enfusion ENFN ... dd 11.01 +0.30 ... 51.99 24.80 FreeportMcM FCX 1.3 17 45.05 +2.77 .075
422.69 212.93 DeckersOutdoor DECK ... 26 420.92 +23.35 ... 8.50 5.59 Haleon HLN ... ... 7.99 +0.20 ...
10.03 9.68 ChurchillVII A CVII ... 33 10.03 +0.03 ... 24.68 15.01 EngageSmart ESMT ... cc 18.58 +1.53 ... 35.04 12.79 FreseniusMed FMS 2.8 13 17.83 +0.45.7085
448.40 283.81 Deere DE 1.1 19 439.63 +13.16 1.20 43.99 23.30 Halliburton HAL 1.1 22 42.66 +2.45 .12
72.64 38.33 Ciena CIEN ... 51 51.09 –0.33 ... 25.25 11.65 Enhabit EHAB ... 2 13.52 +0.92 ... 31.44 22.63 FreshDelMonte FDP 2.1 19 27.99 +1.10 .15
64.47 39.00 DelekLogistics DKL 8.4 13 46.98 –2.08 .99 16.28 9.18 HamiltonBeach HBB 3.2 6 13.17 +1.05 .105
340.11 213.16 Cigna CI 1.4 15 314.21 +11.53 1.12 23.48 16.55 Ennis EBF 4.6 13 21.55 –0.60 .25 14.85 6.10 Frontline FRO 4.2 12 14.12 +2.99 .15
35.45 14.71 DelekUS DK 3.3 5 25.06 +0.71 .21 16.98 5.65 Hanesbrands HBI 7.4 8 8.12 +0.69 .15
19.76 8.28 Cinemark CNK ... dd 10.81 +2.39 ... 47.88 25.80 EnovaIntl ENVA ... 7 41.17 +2.33 ... 13.70 1.61 fuboTV FUBO ... dd 2.19 +0.44 ...
61.54 32.90 DellTechC DELL ... 17 40.18 –2.24 ... 51.71 21.56 HannonArmstrong HASI 4.3 25 34.90 +3.78 .375
29.80 13.26 CircorIntl CIR ... dd 26.37 +2.14 ... 77.07 43.88 Enovis ENOV ... cc 59.10 +0.95 ... 10.16 4.12 FullTruck YMM ... dd 9.98 +0.42 ...
46.27 27.20 DeltaAir DAL ... cc 38.20 +2.17 ... 155.55 123.36 HanoverIns THG 2.4 17 136.41 –1.93 .81
69.11 40.01 Citigroup C 4.1 7 49.92 +2.61 .51 10.54 9.59 EnphysAcqnA NFYS ... 31 10.03 ... ... 81.41 57.36 FullerHB FUL 1.0 21 74.19 +2.45 .19
33.57 15.30 Deluxe DLX 6.2 14 19.40 +0.26 .30 48.72 29.80 HarleyDavidson HOG 1.4 9 45.50 +1.67.1575
57.00 32.66 CitizensFin CFG 4.0 10 41.72 +0.08 .42 127.67 76.14 EnPro NPO 1.0 14 117.60 +5.88 .28 10.09 9.65 FusionAcqnIIA FSNB ... 41 10.09 +0.04 ...
104.05 56.59 Denbury DEN ... 9 89.39 +5.97 ... 5.50 1.94 HarmonyGold HMY .8 28 4.07 +0.24.0274
5.11 1.93 Citizens CIA ... 4 2.46 +0.28 ... 126.82 94.94 Entergy ETR 4.0 17 106.56 –1.12 1.07 10.63 5.77 FutureFuel FF 2.5 19 9.58 +0.94 .06
19.38 8.90 DesignerBrands DBI 2.1 5 9.63 +0.06 .05 17.41 3.73 Harsco HSC ... dd 7.42 +0.54 ...
20.10 8.03 CityOfficeREIT CIO 8.5 1 9.38 +0.94 .20 28.65 22.75 EnterpriseProd EPD 7.6 11 25.75 +0.75 .49
5.28 1.13 DesktopMetal DM ... dd 1.82 +0.40 ... G 79.44 60.17 HartfordFinl HIG 2.2 13 76.68 –2.22 .425
33.75 19.24 Civeo CVEO ... 19 33.10 +3.06 ... 6.80 3.96 Entravision EVC 1.7 22 5.90 +0.82 .025
12.70 4.44 Despegar.com DESP ... dd 5.96 +0.34 ... 34.47 22.77 HavertyFurn HVT 3.3 7 34.05 +1.91 1.00
84.76 44.17 CivitasRscs CIVI 3.3 4 60.44 +4.69 1.45 16.70 7.25 DeutscheBank DB 1.6 7 12.73 +0.29.1559 84.58 41.72 Envestnet ENV ... dd 66.60 +3.50 ...
18.47 7.85 Clarivate CLVT ... dd 10.20 +1.23 ... 52.03 31.67 Envista NVST ... 27 35.63 +2.80 ... 127.58 84.96 GATX GATX 1.8 24 113.03 +2.02 .52 34.94 24.55 HavertyFurn A HVT.A 3.1 7 34.00 +3.50 .95
79.40 42.87 DevonEnergy DVN 8.1 7 63.59 +2.36 1.17 12.44 5.21 GEO Group GEO ... 22 11.51 +0.74 ... 44.72 33.18 HawaiianElec HE 3.3 20 42.44 –0.20 .35
21.09 11.53 ClarosMtg CMTG 9.2 15 16.16 +0.91 .37 212.33 160.09 Diageo DEO 2.0 25 183.21 +4.292.0977 91.06 45.24 Enviva EVA 7.0 dd 51.14 +3.58 .905
125.41 81.56 CleanHarbors CLH ... 18 121.38 +6.33 ... 3.51 1.11 EnzoBiochem ENZ ... dd 1.52 +0.12 ... 35.23 23.10 GFLEnvironmental GFL .2 dd 30.30 –1.25 .012 10.40 9.65 HawksAcqnA HWKZ ... dd 10.05 +0.04 ...
12.04 5.17 DiamondOffshore DO ... dd 11.34 +1.44 ... 58.73 36.10 GMS GMS ... 7 53.18 +1.59 ... 22.68 7.97 Hayward HAYW ... 13 12.33 +1.11 ...
4.10 0.91 ClearChannelOutdr CCO ... dd 1.41 +0.25 ... 11.15 7.18 Diamondrock DRH 1.4 24 8.66 +0.64 .03 253.23 145.98 Equifax EFX .7 38 217.00 +12.38 .39
34.80 18.79 ClearSecure YOU .0 dd 29.82 +2.40 .25 42.53 27.03 Equinor EQNR 2.5 4 31.42 –0.44 .20 7.94 2.32 GOL Linhas GOL .0 dd 3.13 +0.17.0023 32.89 18.16 HealthcareRealty HR 6.9 76 20.65 –0.11 .31
6.89 3.31 DianaShipping DSX 24.7 2 3.65 –0.15 .175 47.82 28.47 GSK GSK 5.7 4 35.38 +0.46.3695 36.32 21.41 HealthpeakProp PEAK 4.4 29 27.05 +0.31 .30
22.70 11.23 ClearwaterAnalytic CWAN ... dd 18.51 +0.16 ... 131.12 63.45 Dick's DKS 1.5 11 128.65 +0.57.4875 37.13 24.61 Equitable EQH 2.6 4 30.53 +0.31 .20
46.48 25.07 ClearwaterPaper CLW ... 10 36.56 –0.63 ... 11.22 5.87 EquitransMdstm ETRN 8.3 dd 7.23 +0.14 .15 10.17 9.70 GSquaredIIA GSQB ... 36 10.17 +0.02 ... 7.66 3.41 HeclaMining HL .2 dd 6.23 +0.31.0037
11.00 1.26 DieboldNixdorf DBD ... dd 1.86 +0.30 ... 10.16 9.79 GSquaredI A GSQD ... 34 10.14 ... ... 165.79 126.95 Heico HEI .1 65 165.24 +7.39 .10
38.65 27.59 ClearwayEnergyA CWEN.A 4.0 7 32.46 +1.94.3672 5.43 1.05 DigitalMedia DMS ... dd 1.42 +0.13 ... 28.84 23.88 EquityCommnwlth EQC .0 cc 25.58 +0.10 1.00
41.79 29.61 ClearwayEnergyC CWEN 4.1 7 34.32 +1.90.3672 83.80 56.91 EquityLife ELS 2.4 45 67.41 +1.82 .41 91.90 32.10 GXO Logistics GXO ... 30 53.26 +7.03 ... 134.68 102.33 Heico A HEI.A .2 51 128.83 +5.91 .10
158.00 85.76 DigitalRealty DLR 4.6 22 106.00 +4.62 1.22 201.51 147.32 Gallagher AJG 1.0 39 196.55 +4.53 .51 6.74 0.46 Heliogen HLGN ... dd .69 +0.03 ...
34.04 11.83 Cleveland-Cliffs CLF ... 5 20.92 +2.27 ... 32.12 10.39 DigitalBridge DBRG .3 dd 12.04 +1.21 .01 94.32 57.38 EquityResdntl EQR 4.1 20 60.62 +1.26 .625
10.08 6.08 ClipperRealty CLPR 5.4 dd 7.03 +0.17 .095 2.72 1.34 EquusTotReturn EQS ... ... 1.60 +0.05 ... 49.85 15.41 GameStop GME ... dd 20.49 +4.03 ... 92.66 48.27 HeliosTech HLIO .6 19 60.09 +3.31 .09
66.28 23.38 DigitalOcean DOCN ... dd 27.69 +3.37 ... 6.38 1.25 Gannett GCI ... dd 2.35 +0.06 ... 8.00 2.47 HelixEnergy HLX ... dd 7.93 +0.67 ...
2.51 0.55 CloopenGroup RAAS ... ... .78 +0.02 ... 390.80 193.00 Dillard's DDS .2 7 373.67 +41.29 .20 12.06 8.89 ErmenegildoZegna ZGN .8 ... 11.30 +0.48.0947
186.86 120.50 Clorox CLX 3.2 45 146.11 +1.67 1.18 16.72 8.07 EroCopper ERO ... 10 15.57 +0.66 ... 4.23 0.64 GaotuTechedu GOTU ... 28 3.81 +0.28 ... 54.59 25.56 Helm&Payne HP 2.0 cc 50.64 +4.84 .235
84.14 61.03 DineBrands DIN 2.7 14 76.05 +7.80 .51 18.46 7.79 Gap GPS 4.6 83 12.91 +1.13 .15 45.80 12.04 Herbalife HLF ... 5 16.46 +0.10 ...
132.45 37.37 Cloudflare NET ... dd 43.93 +4.03 ... 10.30 2.43 Dingdong DDL ... dd 5.64 –0.35 ... 49.40 34.27 EssentGroup ESNT 2.3 5 40.03 +1.48 .23
3.93 1.25 CN Finance CNF ... 83 1.81 +0.12 ... 27.85 18.88 EssentialProp EPRT 4.5 25 24.45 +1.35 .275 133.79 76.37 Garmin GRMN 3.0 20 98.21 +0.08 .73 175.00 83.43 HercHoldings HRI 1.6 15 147.80 +4.90 .575
10.34 9.90 DirectSellingA DSAQ ... 19 10.34 +0.03 ...
67.20 54.02 Coca-Cola KO 2.9 27 61.43 –1.97 .44 129.12 87.64 DiscoverFinSvcs DFS 2.2 7 107.20 +4.16 .60 52.62 38.50 EssentialUtil WTRG 2.4 27 48.79 –0.02 .287 358.25 221.39 Gartner IT ... 36 335.98 +7.36 ... 19.09 11.16 HerculesCapital HTGC10.5 43 13.65 +0.10 .15
71.40 50.21 Coca-Cola Femsa KOF 3.7 17 70.51 +2.041.3398 363.36 205.24 EssexProp ESS 4.0 40 218.54 +3.84 2.20 16.63 9.40 GatesIndustrial GTES ... 19 12.73 +0.32 ... 7.37 1.12 HeritageInsurance HRTG10.6 dd 2.26 +0.41 .06
157.50 84.07 Disney DIS ... 58 99.40 +5.48 ...
5.54 2.54 CoeurMining CDE ... dd 3.80 +0.12 ... 331.16 186.47 EsteeLauder EL 1.0 45 267.22 +3.41 .66 11.70 2.20 GatosSilver GATO ... dd 5.16 +0.88 ... 12.15 7.46 HershaHospitality HT 2.3 5 8.62 +0.51 .50
10.09 9.69 dMYTechVI A DMYS ... cc 10.08 +0.02 ...
89.10 52.34 Cohen&Steers CNS 3.0 18 73.93 +5.15 .55 29.90 19.60 EthanAllen ETD 4.3 7 29.54 +1.79 .32 8.24 0.22 Gelesis GLS ... dd .36 –0.06 ... 242.64 191.00 Hershey HSY 1.8 30 226.61 +0.961.036
92.53 61.55 DolbyLab DLB 1.4 42 75.55 +2.65 .27
85.04 67.84 ColgatePalm CL 2.4 34 77.85 –2.13 .47 15.78 7.20 Dole DOLE 3.1 19 10.32 +0.40 .08 21.00 7.91 Euronav EURN .0 dd 15.01 –0.64 .03 27.15 11.92 GencoShipping GNK 12.4 3 16.13 +0.66 .78 153.39 83.56 Hess HES 1.0 25 152.21 +8.51 .375
10.02 9.59 ColombierAcqnA CLBR ... 45 10.01 +0.04 ... 13.34 5.30 EveHolding EVEX ... dd 7.85 +0.20 ... 329.50 86.29 Generac GNRC ... 17 113.66 +12.91 ... 35.71 24.33 HessMidstream HESM 7.1 15 31.51 +0.17.5627
262.21 183.25 DollarGeneral DG .9 23 233.52 –15.04 .55
10.13 9.67 Colonnade II A CLAA ... cc 10.11 ... ... 10.31 9.70 EVeMobilityA EVE ... cc 10.30 +0.04 ... 256.86 200.65 GeneralDynamics GD 2.1 20 240.29 –7.96 1.26 17.76 11.90 HewlettPackard HPE 2.9 25 16.45 –0.66 .12
4.28 0.34 Doma DOMA ... dd .55 +0.13 ...
102.09 62.83 Comerica CMA 4.0 9 68.54 +0.94 .68 16.67 5.30 Eventbrite EB ... dd 7.57 +1.58 ... 80.94 46.77 GeneralElec GE .4 dd 80.20 +8.26.0624 65.82 47.38 Hexcel HXL .6 49 62.97 +1.04 .10
88.78 57.18 DominionEner D 4.2 23 62.92 +1.05.6675
128.68 74.14 ComfortSystems FIX .5 20 124.23 +10.47 .15 474.92 299.41 Domino's DPZ 1.3 27 337.44 –5.18 1.10 135.31 78.67 EvercoreA EVR 2.3 8 126.72 +6.33 .72 88.34 61.67 GeneralMills GIS 2.6 17 82.51 –3.45 .54 47.32 24.51 HighwoodsProp HIW 6.7 12 29.86 +1.59 .50
56.60 31.47 CommercialMetals CMC 1.1 5 56.06 +5.45 .16 61.94 46.00 Donaldson DCI 1.5 22 61.71 +1.49 .23 10.28 9.80 EverestConsolA MNTN ... dd 10.26 +0.02 ... 61.77 30.33 GeneralMotors GM 1.0 6 36.51 +0.60 .09 53.54 36.16 Hillenbrand HI 1.9 16 46.62 +2.72 .22
78.00 58.28 CommBkSys CBU 2.7 20 64.25 +0.43 .44 44.52 24.60 DonnelleyFin DFIN ... 12 42.24 +2.26 ... 361.67 244.58 EverestRe RE 1.9 27 352.91 +1.51 1.65 10.44 9.66 GenAsia I A GAQ ... 43 10.18 +0.06 ... 38.20 24.18 Hilltop HTH 1.9 16 31.60 +1.14 .15
14.74 1.88 CommunityHlthSys CYH ... dd 4.60 –0.16 ... 136.85 41.37 DoorDash DASH ... dd 52.34 +4.34 ... 24.23 13.52 Everi EVRI ... 9 16.06 +1.17 ... 72.34 37.54 Genesco GCO ... 7 47.92 +2.92 ... 54.76 32.12 HiltonGrandVac HGV ... 15 44.51 +2.98 ...
46.84 30.38 CommunityHlthcr CHCT 4.3 47 40.62 +2.57 .445 21.07 10.77 DorianLPG LPG .0 7 17.83 +1.47 1.00 94.63 70.54 EversourceEner ES 3.0 21 84.02 –1.78.6375 13.44 7.61 GenesisEnergy GEL 5.5 dd 10.97 +0.13 .15 167.99 108.41 Hilton HLT .4 36 136.88 +6.63 .15
12.04 6.26 SABESP SBS 1.3 13 10.70 +0.26.2004 32.43 17.22 DoubleVerify DV ... 73 23.61 +1.59 ... 47.89 30.17 Evertec EVTC .6 10 34.51 +0.80 .05 11.38 4.83 GenieEnergy GNE 2.7 3 10.92 +0.60 .075 7.56 2.72 Hims&HersHealth HIMS ... dd 7.53 +1.40 ...
4.00 2.36 EngGr-Cmg C CIG.C 7.0 11 3.31 +0.27.0386 39.55 27.76 DouglasDynamics PLOW 3.0 25 38.81 +0.93 .29 39.78 21.36 EvolentHealth EVH ... dd 31.66 +4.56 ... 7.26 2.20 GeniusSports GENI ... dd 4.39 +0.74 ... 62.75 11.30 Hippo HIPO ... dd 16.41 +0.26 ...
2.62 1.77 EngGr-Cmg CIG 10.5 7 2.21 +0.17.0386 10.66 3.50 DouglasElliman DOUG 4.6 11 4.39 +0.11 .05 48.05 30.44 EvoquaWater AQUA ... 74 42.73 +2.63 ... 51.98 37.68 Genpact G 1.0 27 47.72 +0.97 .125 18.95 6.88 HireRight HRT ... 8 12.05 +0.05 ...
8.25 5.48 COPEL ELP 11.3 cc 7.35 +0.33.2619 35.85 14.72 DouglasEmmett DEI 4.8 30 15.77 +0.41 .19 31.13 18.31 ExcelerateEner EE .4 cc 25.08 +1.88 .025 187.73 115.63 GenuineParts GPC 2.1 20 169.56 –1.28 .895 14.68 1.88 Holley HLLY ... 4 2.56 +0.35 ...
5.97 2.20 CiaSiderurgica SID 12.2 10 3.34 +0.22.2015 180.00 114.49 Dover DOV 1.4 18 144.39 +4.97 .505 4.93 0.80 Express EXPR ... dd 1.09 +0.16 ... 5.37 3.43 GenworthFin GNW ... 5 5.34 +0.11 ... 20.00 15.12 HollyEnergy HEP 7.3 12 19.20 +0.11 .35
17.78 9.31 CerveceriasUnid CCU 3.6 14 13.38 +0.13.3084 71.86 42.91 Dow DOW 4.8 8 58.68 +3.66 .70 19.68 8.82 Expro XPRO ... dd 18.20 +0.34 ... 18.52 10.26 GeoPark GPRK 3.4 4 15.10 +0.90 .127 26.20 19.83 HomeBancShares HOMB 2.8 16 23.42 +0.70 .165
27.72 16.32 CompassDiversif CODI 4.8 dd 21.05 +1.74 .25 64.95 22.91 Doximity DOCS ... 46 32.70 +2.20 ... 222.36 139.97 ExtraSpaceSt EXR 3.9 22 151.90 +7.90 1.50 6.62 3.94 Gerdau GGB .4 4 6.39 +0.57.0788 382.01 264.51 HomeDepot HD 2.3 20 331.21 +13.68 1.90
9.19 1.84 Compass COMP ... dd 3.60 +1.09 ... 63.22 47.88 DrReddy'sLab RDY .6 22 53.60 +0.90.3171 114.66 69.81 ExxonMobil XOM 3.2 9 113.15 +2.62 .91 10.17 0.50 Getaround GETR ... dd .72 +0.12 ... 32.15 21.44 HondaMotor HMC 3.3 8 23.58 –0.38.4426
67.67 30.67 CompassMnlInt CMP 1.3 dd 47.01 +0.77 .15 23.09 8.17 DreamFinders DFH ... 5 10.16 +0.04 ... 37.88 4.51 GettyImages GETY ... dd 5.37 +0.36 ... 42.95 32.60 HoraceMannEdu HMN 3.4 28 37.92 +0.04 .32
10.34 9.67 ComputeHlthA CPUH ... 33 10.22 +0.10 ... 41.23 19.10 Dril-Quip DRQ ... dd 28.65 +0.99 ... F 35.77 24.66 GettyRealty GTY 4.9 21 34.85 +0.60 .43 8.67 0.30 HorizonGlobal HZN ... dd 1.74 +0.01 ...
22.11 6.88 ComstockRscs CRK 3.8 4 12.99 +0.31 .125 22.29 12.64 DuckhornPtf NAPA ... 32 16.28 +0.13 ... 10.42 9.87 GigCapital5 GIA ... dd 10.33 +0.04 ... 55.11 44.21 HormelFoods HRL 2.4 25 46.10 –0.81 .275
41.30 30.06 ConagraBrands CAG 3.3 28 39.91 –1.05 .33 58.18 38.89 Ducommun DCO ... 5 57.40 +5.13 ... 10.07 9.63 FastAcqnII A FZT ... cc 10.07 +0.02 ... 42.02 25.67 Gildan GIL 2.2 9 31.05 +2.02 .169 99.88 59.25 DR Horton DHI 1.1 6 94.96 +1.38 .25
10.25 9.60 ConcordAcqnIIA CNDA ... 34 9.96 –0.04 ... 116.33 83.76 DukeEnergy DUK 3.8 21 104.98 –0.201.005 35.00 9.03 F&GAnnuities FG 3.9 ... 20.77 +0.77 .20 6.42 1.45 GinkgoBioworks DNA ... dd 1.86 +0.34 ... 116.74 74.18 HoulihanLokey HLI 2.2 18 97.91 +7.53 .53
10.40 9.82 ConcordAcqnIII A CNDB ... 16 10.24 +0.01 ... 20.86 11.23 Dun&Bradstreet DNB 1.5 dd 13.08 +0.44 .05 47.40 34.02 FB Financial FBK 1.4 13 37.68 +0.59 .13 59.85 44.43 GlacierBancorp GBCI 2.7 20 49.76 +0.33 .33 124.75 33.20 Hovnanian HOV ... 2 51.09 +6.31 ...
2.38 1.15 ConcordMed CCM ... dd 1.41 –0.32 ... 85.16 49.52 DuPont DD 1.8 21 75.20 +2.73 .33 15.78 0.79 F45Training FXLV ... dd 3.04 +0.35 ... 18.54 2.08 Glatfelter GLT .0 dd 3.50 +0.64 .14 105.51 50.90 HowardHughes HHC ... 17 82.07 +3.86 ...
155.51 71.09 Conmed CNMD .8 dd 95.99 +2.57 .20 66.00 20.05 DutchBros BROS ... dd 34.69 +5.16 ... 23.93 5.55 Figs FIGS ... 48 8.13 +0.42 ... 64.49 33.33 Glaukos GKOS ... dd 49.21 +4.04 ... 41.02 29.35 HowmetAerospace HWM .4 40 40.75 +0.29 .04
138.49 78.30 ConocoPhillips COP 1.7 9 121.47 +3.24 .70 122.13 76.21 DycomInds DY ... 25 99.95 +4.23 ... 140.99 98.24 FMC FMC 1.8 25 129.97 +4.51 .58 7.68 3.49 GlobalBlue GB ... dd 5.54 +1.18 ... 263.30 170.21 Hubbell HUBB 1.9 22 236.42 +7.55 1.12
102.21 78.10 ConEd ED 3.3 20 96.49 –1.34 .79 4.49 2.08 DynagasLNG DLNG ... 2 2.93 –0.07 ... 14.71 10.48 FNB FNB 3.6 12 13.41 +0.02 .12 10.01 4.26 GlblBusTravel GBTG ... dd 6.56 –0.51 ... 596.17 245.03 HubSpot HUBS ... dd 315.70 +43.56 ...
10.19 9.71 ConstellationI A CSTA ... 37 10.14 +0.01 ... 56.98 29.41 Dynatrace DT ... cc 37.01 +0.76 ... 16.94 6.42 FreyrBattery FREY ... dd 10.72 +1.53 ... 27.66 20.52 GlobalIndemnity GBLI 3.7 19 27.30 +0.31 .25 8.75 3.08 HudbayMinerals HBM .2 21 6.17 +0.60.0076
261.52 207.59 ConstBrands A STZ 1.4 cc 225.00 +10.77 .80 17.06 10.60 DynexCapital DX 10.9 5 14.34 +0.89 .13 23.44 16.70 FS KKR Cap FSK 13.0 26 18.84 +0.68 .06 37.51 22.26 GlobalIndl GIC 2.8 9 25.89 +1.78 .18 28.66 9.10 HudsonPacProp HPP 9.5 dd 10.57 +0.97 .25
20.85 9.82 Constellium CSTM ... 7 13.55 +0.43 ... 190.43 132.36 FTI Consulting FCN ... 26 162.40 +0.29 ... 17.40 7.01 GlobalMedREIT GMRE 8.2 40 10.28 +0.38 .21 571.30 363.73 Humana HUM .6 22 491.36 –1.18.7875
10.77 3.89 ContainerStore TCS ... 4 5.24 +0.57 ... E 138.01 74.57 Fabrinet FN ... 23 137.86 +8.45 ... 16.01 9.82 GlobalNetLease GNL 11.6 cc 13.78 +0.67 .40 260.02 177.20 HuntingIngalls HII 2.2 16 223.07 –7.04 1.24
21.23 6.86 Volaris VLRS ... dd 10.60 +1.23 ... 474.13 345.92 FactSet FDS .8 38 421.36 +16.90 .89 36.30 20.23 GlobalPtrs GLP 7.4 4 33.58 +1.59 .625 41.65 23.54 Huntsman HUN 2.7 6 31.12 +0.13.2125
430.67 244.22 Cooper COO .0 45 350.39 +5.22 .03 10.07 9.62 EG Acqn A EGGF ... 70 10.02 –0.01 ... 638.87 340.48 FairIsaac FICO ... 44 617.92 +15.98 ... 152.99 92.27 GlobalPayments GPN .9 cc 107.66 +2.49 .25 108.10 70.12 HyattHotels H ... 90 104.94 +9.72 ...
27.35 3.53 Cooper-Standard CPS ... dd 12.30 +0.96 ... 58.76 20.49 elfBeauty ELF ... 84 52.75 –5.30 ... 10.11 9.76 FarPeakAcqnA FPAC ... 13 10.09 +0.04 ... 30.02 14.62 GlobalShipLease GSL 8.5 2 17.70 +1.18 .375 5.31 2.06 Hyliion HYLN ... dd 3.06 +0.89 ...
48 BARRON’S January 16, 2023

D ATA NEW YORK STOCK EXCHANGE COMPOSITE LIST B A R R ON S .C OM / D ATA

–52-Week– Tick Div –52-Week– Tick Div –52-Week– Tick Div
High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt.

NYSE Cumulative Daily Breadth vs DJIA

45.79 20.99 HysterYaleMatls HY 4.2 dd 30.79 +1.84.3225 218.85 141.13 MidAmApt MAA 3.5 30 159.91 +1.60 1.40 75.07 50.50 ONEOK OKE 5.3 20 70.83 +4.26 .935
34.87 21.00 MillerIndustries MLR 2.5 24 28.94 +1.50 .18 16.85 6.95 ON24 ONTF ... dd 8.82 +0.31 ...
I 73.83 49.38 MineralsTechs MTX .3 15 66.92 +2.94 .05 30.89 13.29 OakStreetHealth OSH ... dd 30.05 +8.40 ...
9.29 5.40 MirionTech MIR ... dd 7.42 +0.54 ... 77.13 31.37 OccidentalPetrol OXY .8 5 65.31 +1.56 .13
48.11 31.32 IAA IAA ... 19 39.83 +0.44 ... 17.75 7.80 MisterCarWash MCW ... 25 10.44 +0.49 ... 55.04 13.77 OccidentalPetrolWt OXY.WT ... ... 43.57 +1.65 ...
23.75
12.96
16.36
7.09
ICICI Bank
ICL Group
IBN .5
ICL 2.0
20
5
21.67
7.61
+0.40.1124
+0.11.2435
Broad New Year: NYSE cumulative breadth extended its 2023 rise 7.39 3.38 MistrasGroup MG ... 44 5.04 +0.03 ... 19.56 7.25 OceaneeringIntl OII ... dd 19.08 +1.77 ...
7.71 4.31 MitsubishiUFJ MUFG 2.4 21 7.70 +0.76.1021 40.81 17.76 OcwenFinancial OCN ... 3 33.89 +1.66 ...
118.92 93.53 IDACORP IDA 2.9 22 107.45 –1.57 .79 for a second week, as the S&P 500 finished with a 2.7% weekly gain. 12.77 6.75 MiX Telematics MIXT 2.4 19 7.49 ....0629 6.37 0.38 Offerpad OPAD ... dd .71 +0.21 ...
43.14 21.68 IDT IDT ... 18 27.79 +0.56 ... 3.30 2.10 MizuhoFin MFG 2.8 11 3.29 +0.37 .062 35.85 22.14 OilDriAmerica ODC 3.2 27 35.21 +0.51 .28
13.04 4.91 IHS Holding IHS ... dd 7.62 +1.14 ... On the NYSE, winners outnumbered losers by 3 to 2. 43.17 20.95 ModelN MODN ... dd 42.00 +1.64 ... 9.02 3.51 OilStatesIntl OIS ... dd 8.30 +0.92 ...
15.97 8.14 ING Groep ING 4.3 ... 13.70 +0.64.1737 23.45 7.67 ModineMfg MOD ... 10 23.21 +1.86 ... 27.19 20.27 OldRepublic ORI 3.8 9 24.40 –0.64 .23
4.09 0.64 INNOVATE VATE ... dd 2.60 +0.25 ... Breadth DJIA 89.99 9.61 Modiv MDV 9.8 dd 11.79 +0.41.0958 67.25 41.33 Olin OLN 1.4 6 56.56 +0.37 .20
24.91 13.20 Invesco IVZ 3.9 10 19.39 +0.22.1875 60.32 33.12 Moelis MC 5.3 14 45.14 +2.70 .60 19.30 5.74 Olo OLO ... dd 6.90 +0.15 ...
256.62 165.75 IQVIA IQV ... 36 222.14 +16.78 ... 596,000 36,600 175.61 87.02 MohawkInds MHK ... 46 118.65 +4.42 ... 33.71 24.81 OmegaHealthcare OHI 9.5 17 28.10 –0.56 .67
5.89 3.16 IRSA IRS ... 6 5.84 +0.41 ... 374.00 249.78 MolinaHealthcare MOH ... 21 300.25 –1.45 ... 91.61 61.31 Omnicom OMC 3.3 13 84.06 –2.02 .70
99.70 63.77 ITT ITT 1.2 21 88.15 +2.89 .264 Breadth 585,655 97.70 52.30 MolsonCoorsA TAP.A 2.1 32 73.85 –3.15 .38 31.29 15.44 OnHolding ONON ... ... 20.70 +1.57 ...
3.77 0.92 IamGold IAG ... dd 2.77 +0.12 ... 590,200 35,000 60.12 46.69 MolsonCoorsB TAP 3.0 22 50.76 –0.12 .38 34.05 20.45 OneLiberty OLP 7.5 13 23.86 +0.90 .45
10.14 9.69 IberePharmA IBER ... 28 10.13 +0.02 ... 3.16 0.44 MoneyLion ML ... dd .83 +0.18 ... 24.40 4.50 OneConnectFin OCFT ... dd 7.20 +0.67 ...
10.40 9.85 IconicSportsA ICNC ... 16 10.37 +0.01 ... 59.48 28.36 MontroseEnvl MEG ... dd 52.44 +5.91 ... 55.22 28.77 OneMain OMF 9.9 5 38.50 +2.56 .95
246.23 172.19 IDEX IEX 1.0 32 238.90 +6.76 .60 584,400 33,400 360.00 230.16 Moody's MCO .9 38 314.53 +24.83 .70 106.09 56.02 OntoInnovation ONTO ... 19 77.52 +3.42 ...
4.26 1.10 iHuman IH ... 21 3.77 –0.08 ... 92.11 70.25 Moog A MOG.A 1.1 19 91.76 +2.04 .26 19.32 10.82 Ooma OOMA ... dd 14.13 +0.65 ...
247.00 173.52 IllinoisToolWks ITW 2.2 27 233.24 +6.29 1.31 109.73 72.05 MorganStanley MS 3.4 13 91.66 +4.10 .775
21.25 12.13 Imax IMAX ... dd 16.39 +0.93 ... 578,600 31,800 47.63 28.41 Oppenheimer A OPY 1.3 9 45.48 +0.15 .15
79.28 37.08 Mosaic MOS 1.7 5 46.32 –0.41 .20 5.93 1.87 OppFi OPFI ... 2 2.14 +0.05 ...
7.40 2.77 IndependenceContr ICD ... dd 4.56 +1.41 ... 10.40 9.75 MotiveCapII A MTVC ... cc 10.27 +0.03 ... 89.47 60.78 Oracle ORCL 1.4 28 89.20 +3.54 .32
28.42 15.04 IndepRealty IRT 3.2 29 17.76 +0.91 .14 572,800 30,200 275.16 195.18 MotorolaSol MSI 1.3 39 266.01 +2.17 .88 12.71 8.81 Orange ORAN 5.3 6 10.77 +0.20.2352
54.24 36.98 IndustrsBachoco IBA 1.8 8 52.00 +0.90.4887 41.75 27.72 Movado MOV 3.9 8 35.99 +1.33 .35 21.45 7.95 OrchidIsland ORC 16.0 dd 12.01 +0.96 .16
10.35 9.72 InfiniteAcqnA NFNT ... dd 10.29 +0.07 ... 70.43 49.42 MuellerIndustries MLI 1.5 6 67.25 +6.80 .25 39.48 22.88 Organon OGN 3.5 8 32.06 +2.91 .28
10.65 9.83 InFinTAcqnA IFIN ... dd 10.43 +0.03 ... 567,000 28,600 13.99 9.90 MuellerWater MWA 2.0 25 12.30 +1.05 .061 20.63 12.87 OrionEngCarbons OEC .4 13 19.75 +1.36.0207
30.50 14.96 Informatica INFA ... dd 16.45 +1.12 ... 6.19 0.98 MultiPlan MPLN ... 8 1.20 +0.05 ... 3.83 2.10 OrionGroup ORN ... dd 2.89 +0.24 ...
26.29 16.39 Infosys INFY 1.3 26 18.52 +0.71.2013 F M A M J J A S O N D J 51.29 25.97 MurphyOil MUR 2.4 7 42.27 +0.83 .25 18.21 8.20 OrionOffice ONL 4.5 dd 8.84 +0.37 .10
59.50 39.28 IngersollRand IR .1 38 57.53 +2.41 .02 In generating this chart, we subtract each day's NYSE composite declines from that day's advances. The resultant total is 323.00 164.30 MurphyUSA MUSA .5 10 270.41 +0.30 .35 112.91 68.78 Orix IX 3.4 8 83.11 +2.321.5643
81.70 56.31 Ingevity NGVT ... 14 81.64 +7.50 ... added to the next day's total, and so on. When all five days' numbers are added together, this produces the weekly figure we 25.55 15.82 MyersIndustries MYE 2.2 17 24.75 +2.03 .135 101.81 60.32 OrmatTech ORA .5 76 90.21 +5.19 .12
101.89 78.81 Ingredion INGR 2.8 15 100.15 +1.23 .71 plot. Dec. 31, 1985 =1000. 27.03 7.67 MyovantSciences MYOV ... dd 26.90 ... ... 10.53 2.05 OscarHealth OSCR ... dd 3.00 +0.45 ...
211.73 87.47 InnovativeIndProp IIPR 6.4 22 111.94 +11.73 1.80 125.16 69.30 Oshkosh OSK 1.6 37 94.76 +2.15 .37
7.49 1.05 Innovid CTV ... dd 1.95 +0.40 ... N 10.22 9.63 OsirisAcqn OSI ... 63 9.94 +0.04 ...
10.14 9.69 InsightAcqnA INAQ ... 26 10.10 –0.01 ... 13.38 3.84 OsiskoDevelopment ODV ... dd 4.78 –0.03 ...
121.75 83.94 Insperity NSP 1.8 29 114.81 +1.61 .52 –52-Week– Tick Div –52-Week– Tick Div 63.19 28.42 NACCO Inds NC 2.2 4 37.94 +1.09.2075
14.57 9.20 OsiskoGold OR 1.2 dd 13.25 +0.53.0412
272.04 142.74 InspireMedical INSP ... dd 256.93 +10.34 ... High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. 12.22 8.12 N-able NABL ... cc 10.01 –0.04 ...
86.37 62.49 OtisWorldwide OTIS 1.4 29 83.25 +1.40 .29
123.26 69.44 InstalledBldg IBP 1.2 16 103.60 +10.88 .315 6.34 3.00 KinrossGold KGC 2.5 dd 4.74 +0.17 .03 44.59 18.06 NCR NCR ... 29 25.61 +1.20 ...
5.00 0.76 Ouster OUST ... dd 1.21 +0.26 ...
47.70 24.00 InsteelInds IIIN .4 5 31.67 +2.41 2.00 334.99 180.05 KinsaleCapital KNSL .2 48 291.00 +19.10 .13 M 2.80 1.00 NGL Energy NGL ... dd 1.55 +0.24 ...
31.32 8.38 NIO NIO ... dd 11.80 +1.43 ... 29.36 14.97 OutfrontMedia OUT 6.3 23 19.10 +1.45 .30
26.32 15.68 Instructure INST ... dd 25.39 +0.87 ... 75.08 55.03 Kirby KEX ... 40 63.42 –0.49 ... 3.59 1.70 OverseasShip OSG ... 25 3.56 +0.47 ...
88.58 50.05 IntegerHoldings ITGR ... 36 73.59 +4.62 ... 23.35 16.42 KiteRealty KRG 4.2 dd 20.79 –0.03 .24 193.42 138.43 M&T Bank MTB 3.2 14 149.55 –0.64 1.20 10.71 5.54 NL Industries NL 3.7 7 7.53 +0.37 .07
16.68 8.91 MBIA MBI ... dd 13.28 +0.58 ... 24.25 13.98 NOV NOV .9 cc 23.28 +1.53 .05 63.30 34.41 Ovintiv OVV 2.0 4 50.28 +2.19 .25
10.75 9.80 IntegratedRailA IRRX ... 35 10.29 ... ... 58.72 42.50 Knight-Swift KNX .9 10 55.14 –0.30 .12 47.45 14.10 Owens&Minor OMI ... 13 20.27 +0.30 ...
10.33 9.80 IntegratedWellA WEL ... dd 10.33 +0.01 ... 10.88 9.84 KnightSwanA KNSW ... ... 10.23 +0.04 ... 55.63 27.04 MDC Holdings MDC 5.6 4 35.55 +1.07 .50 13.51 8.44 NOW DNOW ... 14 13.24 +1.00 ...
32.19 24.92 MDU Rscs MDU 2.9 19 30.91 +0.38.2225 47.82 30.64 NRG Energy NRG 4.4 4 31.88 –0.32 .35 101.12 72.97 OwensCorning OC 2.3 7 91.63 +1.83 .52
137.40 88.60 ICE ICE 1.4 24 107.63 +2.73 .38 18.85 5.81 KnotOffshore KNOP 1.6 ... 6.39 –3.52 .026 15.33 10.18 OwlRock ORCC10.2 11 12.88 +0.89 .33
71.71 47.06 InterContinentl IHG 1.9 29 67.49 +3.73 .439 23.41 11.57 Knowles KN ... dd 17.50 –0.23 ... 18.80 7.15 MFA Financial MFA 12.5 dd 11.17 +0.75 .35 5750.00 3576.01 NVR NVR ... 11 4992.24 +195.42 ...
16.49 11.38 MGIC Investment MTG 3.0 5 13.25 +0.52 .10 10.32 9.87 NaborsEnerA NETC ... cc 10.31 +0.03 ... 5.35 0.54 Owlet OWLT ... dd .60 ... ...
37.64 19.65 IntercorpFinSvcs IFS ... 8 25.76 +0.31 ... 64.38 23.38 Kohl's KSS 6.9 7 28.83 +1.59 .50 119.50 76.21 OxfordIndustries OXM 2.1 11 107.16 +8.54 .55
153.21 115.55 IBM IBM 4.5 cc 145.89 +2.19 1.65 34.93 11.75 Philips PHG 4.5 5 17.30 +0.83.9641 49.00 26.41 MGM Resorts MGM .0 14 39.54 +2.34.0025 207.67 91.58 NaborsIndustries NBR ... dd 168.95 +16.97 ...
146.20 83.14 IntlFlavors IFF 2.8 dd 116.24 +6.23 .81 51.85 30.98 KontoorBrands KTB 4.2 11 45.81 +2.82 .48 59.74 34.33 MI Homes MHO ... 3 53.99 +3.62 ... 50.00 36.04 NatlBankHoldings NBHC 2.3 18 44.13 +0.88 .25 PQ
30.84 15.01 IntlGameTech IGT 3.3 14 24.58 +0.80 .20 32.38 20.11 Koppers KOP .6 10 32.06 +2.70 .05 14.57 4.45 MinisoGroup MNSO .0 33 14.40 +1.89 .152 75.97 58.12 NationalFuelGas NFG 3.1 10 61.80 +1.30 .475
50.23 30.69 IntlPaper IP 4.8 7 38.25 +1.61.4625 10.18 5.76 KoreaElcPwr KEP ... dd 8.18 +0.26 ... 5.16 1.41 MOGU MOGU ... ... 2.67 +0.12 ... 80.20 47.22 NationalGrid NGG 4.9 11 63.15 –0.611.0307 49.00 14.75 PBF Energy PBF .0 2 39.78 +0.54 .20
48.12 13.05 IntlSeaways INSW 1.3 14 37.97 +3.47 1.00 74.10 46.47 KornFerry KFY 1.1 9 53.07 +1.20 .15 35.49 27.47 MPLX MPLX 9.1 9 34.10 +0.51 .775 67.16 50.22 NatlHealthInv NHI 6.5 35 55.15 +0.97 .90 16.49 9.64 PG&E PCG ... 19 15.89 ... ...
10.67 9.75 InterPrivateII A IPVF ... 38 10.28 +0.08 ... 8.49 3.89 KosmosEnergy KOS ... 8 7.62 +1.42 ... 60.19 23.50 MP Materials MP ... 21 29.53 +3.08 ... 89.05 59.99 NatlPrestoInds NPK 1.4 23 71.85 +1.17 3.50 23.81 15.42 PGT Innovations PGTI ... 12 19.99 +1.55 ...
39.98 25.14 Interpublic IPG 3.2 14 35.96 +0.26 .29 13.45 7.03 MRC Global MRC ... 40 12.19 +0.70 ... 48.76 38.05 NatlRetailProp NNN 4.6 27 47.56 +0.95 .55 4.98 2.09 PHX Minerals PHX 2.3 7 4.00 +0.20.0225
62.78 41.82 Kroger KR 2.3 14 45.22 –0.52 .26
121.72 27.23 IntrepidPotash IPI ... 1 32.06 +1.69 ... 148.04 108.75 MSA Safety MSA 1.4 80 134.94 –5.31 .46 67.44 34.90 NatlStorage NSA 5.8 41 37.88 +1.41 .55 81.41 54.48 PJT Partners PJT 1.3 21 79.21 +2.58 .25
19.78 8.48 KronosWorldwide KRO 6.9 8 11.00 +0.59 .19
2.81 0.33 Invacare IVC ... dd .60 +0.11 ... 564.27 376.41 MSCI MSCI 1.0 49 505.24 +36.23 1.25 12.34 3.61 Natura&Co NTCO .9 dd 4.84 +0.14.0492 39.00 20.20 PLDT PHI 4.6 8 25.64 +1.08.8451
4.66 0.33 KukeMusic KUKE ... dd .60 +0.04 ...
32.93 20.82 InvenTrust IVT 3.3 40 24.87 +0.71.2052 87.99 71.33 MSC Industrial MSM 3.9 13 80.39 +2.03 .79 15.00 9.11 NaturalGasSvcs NGS ... dd 12.47 +0.62 ... 224.57 143.52 PNC Fin PNC 3.7 12 164.00 –0.21 1.50
18.22 7.93 Kyndryl KD ... dd 12.57 –0.10 ...
28.20 9.60 InvescoMtg IVR 18.5 dd 14.02 +1.27 .65 10.56 9.27 M3-Brigade II A MBAC ... 16 10.09 +0.03 ... 24.25 8.88 NaturalGrocers NGVC 3.9 11 10.14 +0.52 .10 49.31 43.43 PNM Resources PNM 3.0 26 49.18 +0.16.3675
12.70 1.67 Invitae NVTA ... dd 2.50 +0.51 ... L 10.22 9.80 M3-BrigadeIII A MBSC ... dd 10.19 +0.02 ... 54.93 32.57 NaturalResPtrs NRP 6.1 4 48.90 –2.35 .75 63.09 36.53 POSCO PKX 4.0 4 61.43 +3.61.8532
44.36 28.52 InvitatHomes INVH 2.8 70 31.21 +1.47 .22 16.41 8.20 MV Oil MVO 14.6 8 15.16 +0.35 .41 14.00 4.40 Natuzzi NTZ ... 12 8.05 +0.63 ... 168.07 107.06 PPG Ind PPG 1.9 29 132.40 +3.90 .62
17.66 3.04 IonQ IONQ ... dd 4.41 +0.64 ... 148.17 89.28 LCI Inds LCII 3.8 6 110.11 +8.60 1.05 20.00 8.29 Mytheresa MYTE ... dd 10.91 +1.28 ... 7.53 4.71 NatWest NWG 4.0 12 7.35 +0.53.3958 31.74 23.47 PPL PPL 2.9 32 30.61 +0.65 .225
58.61 41.67 IronMountain IRM 4.7 31 52.63 +1.94.6185 10.23 4.08 LG Display LPL 3.7 dd 5.35 –0.02 .231 18.04 7.40 Macerich MAC 5.4 dd 12.62 +0.92 .17 6.05 1.23 Nautilus NLS ... dd 1.77 +0.26 ... 44.00 12.11 ProgHoldings PRG ... 11 19.86 +1.74 ...
7.12 0.20 IronNet IRNT ... dd .42 +0.18 ... 16.73 5.15 LL Flooring LL ... 14 6.26 +0.86 ... 28.21 15.10 Macy's M 2.7 5 23.01 +0.88.1575 15.21 8.25 NavigatorHldgs NVGS ... dd 12.09 +0.61 ... 10.24 9.79 ProofAcqnIA PACI ... dd 10.20 –0.01 ...
20.79 6.44 iStar STAR 5.8 dd 8.61 +0.50.0973 27.45 9.06 LSB Inds LXU ... 6 12.90 +0.32 ... 84.57 38.98 MSG Entertainment MSGE ... dd 46.88 +0.35 ... 4.78 1.53 NaviosMaritime NM ... dd 1.94 +0.23 ... 35.12 18.09 PROS PRO ... dd 23.82 –0.20 ...
3.94 2.50 ItauCorpBanca ITCB 3.3 4 3.37 +0.08 .165 45.49 32.23 LTC Properties LTC 6.1 16 37.23 +1.23 .19 186.49 136.61 MSG Sports MSGS .0 88 179.62 –4.05 7.00 99.49 72.94 Nelnet NNI 1.1 7 93.88 +2.82 .26 13.78 9.49 P10 PX 1.0 54 11.64 +0.76 .03
6.07 3.90 ItauUnibanco ITUB ... 9 5.03 +0.25 ... 279.71 193.87 L3HarrisTech LHX 2.3 34 197.16 –9.02 1.12 54.40 44.79 MagellanMid MMP 7.9 10 52.83 +0.321.0475 5.61 1.59 NerdyA NRDY ... 25 2.72 +0.31 ... 105.43 43.49 PVH PVH .2 14 86.18 +6.08.0375
16.11 8.81 LXP Industrial LXP 4.4 10 11.29 +0.72 .125 89.53 45.58 MagnaIntl MGA 2.8 20 64.07 +2.47 .45 23.72 17.07 Netstreit NTST 4.1 cc 19.59 +0.86 .20 168.50 110.56 PackagingCpAm PKG 3.7 12 135.40 +3.21 1.25
J 37.76 21.92 La-Z-Boy LZB 2.7 7 26.63 +2.22.1815 20.74 8.45 Magnachip MX ... 12 10.78 +0.78 ... 92.41 34.70 Nevro NVRO ... dd 36.06 –3.84 ... 38.75 19.51 PagerDuty PD ... dd 27.72 +4.04 ...
290.20 200.32 LabCorp.ofAmerica LH 1.1 13 251.71 +8.69 .72 30.31 18.01 MagnoliaOil MGY 2.2 5 23.80 +1.57 .10 51.54 37.79 NewJerseyRscs NJR 3.1 18 51.09 +0.61 .39 23.59 7.51 PagSeguroDig PAGS ... 12 9.45 +0.51 ...
10.45 9.80 JattAcqnA JATT ... 48 10.23 ... ... 12.70 8.67 LadderCapital LADR 8.3 13 11.03 +0.57 .23 10.13 9.74 MagnumOpusA OPA ... 26 10.09 –0.01 ... 43.38 8.40 NewOrientalEduc EDU ... dd 42.64 +3.98 ... 16.25 5.92 PalantirTech PLTR ... dd 6.96 +0.56 ...
30.10 17.39 JBG SMITH Prop JBGS 4.6 50 19.65 +0.31 .225 100.22 49.71 LambWeston LW 1.1 30 98.16 –1.45 .28 45.67 31.66 MainStreetCap MAIN 7.0 12 38.51 +1.64 .225 110.96 41.66 NewRelic NEWR ... dd 57.83 +3.22 ...
25.60 8.38 JELD-WEN JELD ... 20 11.38 +0.27 ... 36.87 17.97 PampaEnergia PAM ... 5 34.99 +1.57 ...
1.64 0.39 Lannett LCI ... dd .64 +0.07 ... 25.24 10.41 ManchesterUnited MANU .8 dd 22.97 –0.35 .09 110.00 12.64 NewYorkCityReit NYC 2.8 dd 14.10 +0.58 .80
27.52 12.47 J.Jill JILL ... 8 24.85 –1.94 ... 25.38 11.66 ParPacific PARR ... 5 23.57 +0.98 ...
22.81 4.19 Lanvin LANV ... 16 5.47 –0.63 ... 19.54 7.53 Manitowoc MTW ... 25 11.70 +1.61 ... 13.43 8.17 NY CmntyBcp NYCB 7.0 8 9.67 +0.52 .17
161.03 101.28 JPMorganChase JPM 2.8 12 143.01 +5.07 1.00 115.54 64.00 Manpower MAN 3.1 11 87.48 –1.77 1.36 47.03 20.37 ParTechnology PAR ... dd 31.53 +3.67 ...
55.04 28.88 LasVegasSands LVS ... dd 54.97 +3.40 ... 47.67 27.59 NYTimes A NYT 1.1 33 34.10 +0.30 .09 10.70 9.73 ParabellumAcqn PRBM ... 18 10.40 +0.09 ...
77.69 48.80 Jabil JBL .4 11 77.66 +9.68 .08 45.20 30.21 Lazard LAZ 5.2 8 38.65 +2.08 .50 22.19 14.92 ManulifeFin MFC 4.7 6 18.95 +0.61.2587 357.00 280.28 NewMarket NEU 2.4 17 344.50 +8.25 2.10
10.72 9.70 JacksonAcqnA RJAC ... 13 10.13 +0.01 ... 33.42 17.02 MarathonOil MRO 1.2 5 27.08 +0.48 .09 21.49 12.35 Paragon28 FNA ... dd 19.92 –0.59 ...
191.24 114.67 Lear LEA 2.2 36 137.78 +6.78 .77 86.37 37.45 Newmont NEM 4.0 43 54.35 +1.66 .55 11.54 5.48 ParamountGroup PGRE 5.0 cc 6.17 +0.39.0775
46.83 23.56 JacksonFinl JXN 6.1 0 35.95 +0.43 .55 10.20 9.67 LearnCWInvtA LCW ... 17 10.15 +0.03 ... 127.62 67.49 MarathonPetrol MPC 2.5 5 121.93 +5.11 .75 4.91 2.38 NewparkResources NR ... dd 4.87 +0.30 ...
150.32 106.78 JacobsSolns J .7 25 126.01 –2.50 .23 58.33 31.11 Marcus&Millichap MMI 1.3 10 37.64 +1.72 .25 14.21 10.08 ParkAerospace PKE 2.9 36 13.91 +0.45 .10
41.94 30.28 Leggett&Platt LEG 5.0 13 35.35 +1.53 .44 10.54 4.27 NexaResources NEXA 4.5 7 7.30 +1.07.3775 20.58 10.92 ParkHotels PK 2.2 44 12.57 +0.63 .13
36.89 17.25 JamesHardie JHX 1.0 18 20.86 +1.69 .30 111.12 81.07 Leidos LDOS 1.5 20 98.35 –6.60 .36 19.24 13.41 Marcus MCS .0 dd 15.47 +0.86 .05 6.56 3.39 NexGenEnergy NXE ... dd 4.68 +0.28 ...
41.74 19.09 JanusHenderson JHG 5.9 11 26.40 +1.00 .39 14.45 3.27 MariaDB MRDB ... 16 3.99 +0.27 ... 340.00 230.44 ParkerHannifin PH 1.7 33 317.49 +8.94 1.33
10.70 1.18 LejuHoldings LEJU ... dd 1.40 +0.04 ... 25.98 14.16 NexPointRealEst NREF 11.2 12 17.83 +1.10 .50 50.15 29.25 Parsons PSN ... 52 44.82 +0.71 ...
12.24 7.95 JanusIntl JBI ... 18 10.19 +0.45 ... 13.61 7.75 MarineProducts MPX 4.1 13 13.61 +1.48 .14 95.04 38.67 NexPointResidentl NXRT 3.8 55 44.37 +1.86 .42
35.84 12.82 Lemonade LMND ... dd 16.39 +2.52 ... 5.95 0.15 PartyCity PRTY ... dd .35 +0.17 ...
10.15 9.71 JawsMustangA JWSM ... 39 10.14 +0.01 ... 52.55 27.40 MarineMax HZO ... 4 34.47 +2.44 ... 7.32 1.82 Nextdoor KIND ... dd 2.12 +0.05 ...
24.58 8.24 LendingClub LC ... 3 9.58 +0.99 ... 402.78 255.82 PaycomSoftware PAYC ... 71 304.46 +17.81 ...
40.80 25.88 JefferiesFin JEF 3.0 11 40.47 +3.02 .30 109.73 62.54 Lennar A LEN 1.5 6 98.82 +3.16 .375
1519.25 1064.09 Markel MKL ... dd 1439.96 +55.97 ... 91.35 67.22 NextEraEnergy NEE 2.0 44 84.68 +1.03 .425
2.22 0.80 JianpuTech JT ... ... 1.54 –0.06 ... 5.10 0.78 Markforged MKFG ... dd 1.38 +0.15 ... 31.29 6.75 Paymentus PAY ... cc 8.12 +0.14 ...
90.80 52.67 Lennar B LEN.B 1.8 5 81.76 +2.56 .375 12.50 4.82 NexTierOilfield NEX ... 13 10.03 +1.43 ...
76.92 35.41 JinkoSolar JKS ... cc 58.90 +12.71 ... 173.44 110.08 MarriottVacations VAC 1.9 19 151.52 +11.80 .72 47.76 11.29 Paysafe PSFE ... dd 18.33 +1.59 ...
297.72 182.85 LennoxIntl LII 1.7 19 253.08 +9.87 1.06 98.20 69.46 NicoletBankshares NIC ... 13 80.30 +0.96 ...
7.15 3.15 JobyAviation JOBY ... dd 4.21 +0.84 ... 183.14 142.80 Marsh&McLen MMC 1.4 26 173.38 +2.42 .59 33.29 9.83 PeabodyEnergy BTU ... 4 28.41 –0.48 ...
10.60 9.69 LeoHldgsII A LHC ... 47 10.22 +0.04 ... 149.68 82.22 Nike NKE 1.1 36 128.85 +4.32 .34
149.50 81.59 JohnBeanTech JBT .4 26 101.75 +4.89 .10 409.73 284.99 MartinMarietta MLM .7 26 355.37 +4.20 .66 12.03 8.05 Pearson PSO 2.2 24 11.35 +0.50.8062
24.22 13.57 LeviStrauss LEVI 2.7 12 16.54 +0.02 .12 16.81 0.91 NineEnergy NINE ... dd 16.35 +3.05 ...
186.69 155.72 J&J JNJ 2.6 24 173.43 –6.82 1.13 67.96 42.33 Masco MAS 2.2 14 52.00 +2.34 .28 26.14 12.54 PebblebrookHotel PEB .3 dd 13.99 +0.86 .01
9.60 4.48 Li-Cycle LICY ... dd 5.79 +0.76 ... 32.59 23.78 NiSource NI 3.4 18 27.79 +0.18 .235
77.82 45.52 JohnsonControls JCI 2.0 31 68.83 +1.68 .35 10.05 9.65 MasonIndlTechA MIT ... 35 10.04 +0.03 ... 27.11 14.40 PediatrixMedical MD ... 16 16.20 +1.22 ...
20.05 10.45 LibertyEnergy LBRT 1.2 17 16.59 +1.42 .05 33.57 11.78 NoahHoldings NOAH ... 7 18.32 +1.81 ...
264.40 135.35 JonesLang JLL ... 10 177.16 +8.84 ... 112.23 65.71 MasoniteIntl DOOR ... 12 85.53 –0.40 ... 10.77 9.79 PegasusDigA PGSS ... 31 10.35 +0.09 ...
151.76 94.02 LifeStorage LSI 4.7 25 101.57 +5.25 1.20 42.08 22.64 Noble NE ... 19 39.16 +2.21 ...
12.53 2.92 JumiaTech JMIA ... dd 4.02 +0.63 ... 98.28 62.36 MasTec MTZ ... 68 98.04 +6.42 ... 42.74 29.54 PembinaPipeline PBA 5.3 10 36.03 +1.90.1608
18.01 8.75 LifeTime LTH ... dd 17.35 +4.54 ... 6.00 4.08 Nokia NOK .8 15 5.03 +0.20.0205
10.47 9.78 JuniperII A JUN ... 27 10.24 +0.02 ... 15.00 7.17 MasterBrand MBC ... ... 8.29 +0.74 ... 8.02 5.33 PennantPark PNNT10.8 dd 6.13 +0.45 .165
1.70 0.73 LightInTheBox LITB ... cc 1.31 –0.03 ... 26.79 12.50 NomadFoods NOMD ... 12 17.10 +0.52 ...
38.14 25.18 JuniperNetworks JNPR 2.6 25 31.94 –0.01 .21 399.92 276.87 Mastercard MA .6 37 375.52 +7.85 .57 69.69 38.53 PennyMacFin PFSI 1.3 6 63.09 +4.40 .20
6.34 0.29 Lightng eMotors ZEV ... 1 .72 +0.20 ... 4.87 3.00 NomuraHoldings NMR 3.2 13 3.97 +0.17.0324
73.78 37.50 MatadorRscs MTDR .7 6 60.00 +5.18 .10 3.94 1.40 NordicAmTankers NAT 3.5 dd 3.14 +0.19 .05 18.67 10.78 PennyMacMtg PMT 11.1 dd 14.42 +0.98 .40
K 38.01 12.71 Lightspeed LSPD ... dd 15.96 +1.07 ... 97.89 64.89 Materion MTRN .5 26 96.54 +5.62 .125 131.55 88.58 PenskeAuto PAG 1.7 6 118.65 +1.15 .57
375.25 231.87 EliLilly LLY 1.2 54 361.62 –1.32 1.13 29.59 15.53 Nordstrom JWN 4.3 9 17.74 +0.96 .19
32.03 18.29 Mativ MATV 6.3 15 25.25 +2.09 .40 291.55 203.65 NorfolkSouthern NSC 1.9 19 255.13 –0.66 1.24 68.03 38.55 Pentair PNR 1.7 16 50.52 +3.72 .22
22.10 11.15 KAR Auction KAR ... dd 13.49 –0.35 ... 76.40 28.61 LincolnNational LNC 5.7 dd 31.53 –0.38 .45 125.34 58.30 Matson MATX 2.0 2 63.48 –0.47 .31 247.12 114.87 Penumbra PEN ... dd 237.78 +7.33 ...
16.12 9.20 NorthAmConstr NOA 1.7 10 14.17 +0.74.0588
55.31 30.14 KB Financial KB 5.1 5 46.29 +1.15.3829 347.60 262.47 Linde LIN 1.4 44 334.11 +17.95 1.17 12.36 8.27 MauiLand MLP ... 35 10.00 +0.43 ... 21.03 4.90 Perfect PERF ... 7 7.21 –0.15 ...
20.72 10.40 NoEuroOil NRT 11.1 9 16.46 +2.42 .74
50.20 24.78 KB Home KBH 1.7 4 35.10 +0.55 .15 183.08 116.77 Lindsay LNN .9 23 159.12 +8.70 .34 51.93 17.51 MaxarTech MAXR .1 cc 51.18 +0.17 .01 62.00 38.23 PerformanceFood PFGC ... 46 60.12 +0.23 ...
10.09 9.66 NorthernGenIII NGC ... 38 10.06 +0.02 ...
56.94 41.77 KBR KBR .9 48 51.21 +0.68 .12 9.87 1.83 LionElectric LEV ... 10 2.49 +0.43 ... 79.78 54.46 Maximus MMS 1.5 22 73.36 –0.20 .28 10.14 9.67 PeridotAcqnIIA PDOT ... 37 10.13 +0.01 ...
39.10 20.02 NorthernOil&Gas NOG 3.7 4 32.04 +2.49 .30
24.85 7.31 KE Holdings BEKE ... dd 19.66 +1.86 ... 18.35 5.46 LionsGate A LGF.A ... dd 7.51 +0.91 ... 14.99 5.95 MayvilleEngg MEC ... cc 14.00 +1.03 ... 13.84 6.58 PerimeterSolns PRM ... dd 9.03 –0.08 ...
10.05 9.67 NorthernStrII A NSTB ... 21 10.00 +0.04 ...
73.30 41.77 KKR KKR 1.1 dd 54.00 +5.82 .155 16.74 5.19 LionsGate B LGF.B ... dd 7.15 +0.85 ... 107.02 71.92 McCormickVtg MKC.V 1.9 31 80.60 –5.40 .39 190.56 113.46 PerkinElmer PKI .2 28 133.77 +0.24 .07
10.55 9.65 NorthernStrIII A NSTC ... 30 10.08 +0.02 ...
22.40 13.55 KKR RealEstFin KREF 11.1 26 15.49 +1.16 .43 349.61 180.00 LithiaMotors LAD .7 5 232.07 +20.24 .42 107.35 71.19 McCormick MKC 1.9 32 81.10 –5.20 .39 25.45 9.87 PermianBasin PBT 4.7 27 24.21 +3.38.0376
10.38 9.67 NorthernStrIV A NSTD ... 34 10.09 +0.04 ...
6.77 1.23 KoreGroup KORE ... dd 1.55 +0.13 ... 40.39 17.58 LithiumAmericas LAC ... dd 20.72 +1.78 ... 281.67 217.68 McDonald's MCD 2.3 34 268.89 –0.58 1.52 556.27 364.62 NorthropGrum NOC 1.5 13 461.43 –59.99 1.73 11.43 5.08 PermianRscs PR 2.0 5 10.02 +1.18 .05
15.30 11.56 KT KT 4.5 6 14.04 +0.36.7482 126.79 65.05 LiveNationEnt LYV ... cc 74.66 +2.28 ... 10.20 2.81 McEwenMining MUX ... dd 7.12 –0.05 ... 57.63 42.37 NorthwestNat NWN 3.9 19 49.58 +0.33 .485 5.79 2.11 PermianvilleRT PVL 14.2 9 3.10 +0.10 .058
220.00 154.19 Kadant KAI .5 20 201.20 +16.61 .26 83.89 27.50 LiveOakBcshs LOB .4 7 32.13 +0.78 .03 401.78 237.61 McKesson MCK .6 27 381.81 –4.24 .54 23.90 10.31 NorwegCruise NCLH ... dd 15.63 +2.59 ... 10.88 6.38 PermRock PRT 13.4 8 7.47 +0.59.0807
9.82 0.51 Kaleyra KLR ... dd 1.08 +0.19 ... 10.10 9.55 LiveOakCrestA LOCC ... dd 10.03 +0.07 ... 17.26 7.59 MediaAlpha MAX ... dd 11.25 +0.40 ... 8.81 3.38 NouveauMonde NMG ... dd 5.17 +0.49 ... 43.90 30.78 Perrigo PRGO 2.8 dd 36.89 +0.76 .26
46.50 18.88 Kaman KAMN 3.4 37 23.48 +0.52 .20 10.07 9.67 LiveOakMobilityA LOKM ... 30 10.07 +0.01 ... 24.13 9.90 MedicalProp MPW 9.0 6 12.83 +0.47 .29 94.26 74.09 Novartis NVS 2.4 9 91.06 –1.232.1823 16.32 8.88 PetroleoBrasil PBR 58.5 2 10.84 +0.56.1706
77.17 59.54 Kellogg K 3.4 16 70.00 –2.45 .59 36.38 18.26 Livent LTHM ... 24 23.80 +4.25 ... 206.42 96.00 Medifast MED 5.2 10 126.39 +6.68 1.64 139.05 91.51 NovoNordisk NVO .8 41 136.32 –2.32.5836 15.04 7.86 PetroleoBrasilA PBR.A65.9 2 9.63 +0.54.1706
64.09 40.65 Kemper KMPR 2.2 dd 55.81 +1.16 .31 46.30 15.37 LiveRamp RAMP ... dd 24.16 +0.87 ... 114.31 75.77 Medtronic MDT 3.4 25 80.59 –0.27 .68 11.83 3.26 NuHoldings NU ... dd 3.68 +0.12 ... 56.32 41.45 Pfizer PFE 3.4 9 47.85 –3.07 .41
36.86 20.21 Kennametal KMT 2.9 17 27.32 +1.38 .20 12.27 4.20 LiveWire LVWR ... 13 5.21 ... ... 10.98 3.08 MemberCollect MCG ... dd 5.31 +0.97 ... 56.76 29.96 NuSkinEnts NUS 3.7 56 41.75 –1.53 .385 112.48 82.85 PhilipMorris PM 5.0 18 101.70 –1.79 1.27
25.30 13.97 KennedyWilson KW 5.9 29 16.32 +0.45 .24 3.00 1.70 LloydsBanking LYG 4.2 ... 2.41 +0.07.0385 115.49 72.88 Merck MRK 2.6 19 112.25 –2.59 .73 187.90 88.50 Nucor NUE 1.3 5 157.56 +13.63 .51 113.53 73.85 Phillips66 PSX 3.8 5 103.03 –2.67 .97
72.90 30.24 KenonHoldings KEN ... 1 32.86 +1.56 ... 5.51 1.25 loanDepot LDI 14.2 dd 2.26 +0.20 .08 56.21 27.89 MercuryGeneral MCY 3.5 dd 35.81 –0.62.3175 15.85 8.87 NuScalePower SMR ... dd 10.89 +0.62 ... 5.88 2.10 PhoenixNewMedia FENG ... dd 2.60 +0.06 ...
10.90 9.98 KensingtonCapAcqnV KCGI.UT ... ... 10.25 +0.03 ... 9.66 1.08 LocalBounti LOCL ... dd 1.15 –0.05 ... 21.12 12.49 MeridianLink MLNK ... cc 15.35 +0.99 ... 18.05 12.80 NuSTAREnergy NS 9.3 46 17.14 +0.34 .40 36.05 13.19 Phreesia PHR ... dd 35.41 +4.15 ...
10.26 9.82 KensingtonCapV A KCGI ... 19 10.24 +0.01 ... 498.95 363.97 LockheedMartin LMT 2.7 21 449.83 –23.41 3.00 116.23 62.51 MeritageHomes MTH ... 4 101.03 +1.23 ... 117.25 67.41 Nutrien NTR 2.6 5 75.17 –2.16 .48 18.83 13.42 PhysiciansRealty DOC 6.1 29 15.17 ... .23
27.17 15.26 KeyCorp KEY 4.5 8 18.18 –0.19 .205 68.20 49.36 Loews L .4 15 60.22 –0.25.0625 28.00 6.81 MesaRoyalty MTR 9.7 13 20.32 +3.27.2012 6.23 1.59 NuvationBio NUVB ... dd 2.43 +0.44 ... 19.51 8.72 PiedmontOfficeA PDM 8.4 31 9.99 +0.70 .21
189.45 127.93 KeysightTechs KEYS ... 29 180.61 +5.19 ... 7.74 4.45 LomaNegra LOMA 3.3 17 7.70 +0.70.6907 35.65 16.56 MesabiTrust MSB 25.5 10 19.80 +1.50 .84 40.52 29.19 nVentElectric NVT 1.8 22 39.74 +1.00 .175 80.60 59.03 PinnacleWest PNW 4.6 16 75.37 –0.09 .865
79.06 37.15 KilroyRealty KRC 5.3 21 40.54 +2.57 .54 78.09 48.20 LouisianaPacific LPX 1.4 5 63.63 +1.65 .22 4.97 0.70 MetaData AIU ... dd 1.06 +0.03 ... 33.79 16.14 Pinterest PINS ... cc 26.69 +2.23 ...
10.76 9.94 KimbellTigerA TGR ... dd 10.35 +0.03 ... 248.70 170.12 Lowe's LOW 2.0 21 212.16 +11.19 1.05 10.15 9.57 MetalsAcqn MTAL ... cc 10.04 +0.01 ... O 288.46 194.54 PioneerNatRscs PXD 10.9 9 238.99 +5.53 4.61
144.57 108.74 KimberlyClark KMB 3.4 26 136.83 –1.62 1.16 7.05 1.26 LufaxHolding LU 17.2 3 2.74 +0.58 .17 50.39 33.91 MethodeElec MEI 1.2 18 46.97 +0.71 .14 171.73 102.60 PiperSandler PIPR 1.7 13 142.80 +4.61 .60
26.57 17.71 KimcoRealty KIM 4.3 57 21.35 –0.18 .23 12.93 4.99 LumenTech LUMN16.9 3 5.90 +0.47 .25 77.36 57.41 MetLife MET 2.8 27 71.92 –1.66 .50 30.93 24.39 OFGBancorp OFG 2.8 9 28.44 +0.17 .20 6.60 2.30 PitneyBowes PBI 4.4 25 4.57 –0.03 .05
20.20 15.78 KinderMorgan KMI 5.9 17 18.85 +0.27.2775 3.39 1.84 LumentFinance LFT 11.9 10 2.01 +0.11 .06 112.68 53.67 MetropolitanBk MCB ... 8 59.30 +1.07 ... 42.91 33.28 OGE Energy OGE 4.1 9 39.94 +0.78.4141 10.17 9.60 PivotalInvtIII A PICC ... 36 10.00 +0.09 ...
44.99 29.05 Kinetik KNTK 9.3 dd 32.41 +0.45 .75 20.13 12.71 Luxfer LXFR 3.3 18 15.74 +1.07 .13 1571.97 1065.55 MettlerToledo MTD ... 43 1557.78 +108.21 ... 19.92 11.51 O-I Glass OI ... 5 19.50 +0.57 ... 97.04 54.15 PlanetFitness PLNT ... 99 83.69 +3.87 ...
8.60 5.05 KingswayFin KFS ... 6 8.17 +0.23 ... 117.22 71.46 LyondellBasell LYB 5.1 7 93.73 +3.63 1.19 6.58 3.03 MicroFocus MFGP 3.8 dd 6.43 +0.11 .08 92.26 68.86 ONE Gas OGS 3.1 20 80.52 +1.57 .62 7.52 3.70 PlanetLabs PL ... dd 5.11 +0.28 ...
January 16, 2023 BARRON’S 49

D ATA NEW YORK STOCK EXCHANGE COMPOSITE LIST B A R R ON S .C OM / D ATA

–52-Week– Tick Div –52-Week– Tick Div –52-Week– Tick Div –52-Week– Tick Div –52-Week– Tick Div
High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt.
8.68 4.21 PlayAGS AGS ... dd 5.15 +0.04 ... 9.98 3.61 SeacorMarine SMHI ... dd 9.69 +0.49 ... 55.71 40.92 Stantec STN 1.0 39 51.72 +2.35.1411 13.19 7.05 TownsquareMedia TSQ ... 14 7.85 +0.61 ... 44.25 23.07 Viad VVI ... dd 25.57 +1.58 ...
29.32 15.59 PlymouthIndREIT PLYM 4.2 dd 20.90 +1.43 .22 10.18 2.97 SES AI SES ... dd 3.55 +0.48 ... 10.69 6.26 Starrett A SCX ... 4 8.20 +0.39 ... 211.24 130.07 ToyotaMotor TM 2.5 9 140.30 +1.331.7621 7.52 1.69 VicariousSurgical RBOT ... 6 2.81 +0.83 ...
127.37 91.86 Polaris PII 2.4 13 106.47 +3.06 .64 11.60 7.64 SFL SFL 9.5 ... 9.65 +0.37 .23 5.21 2.60 Startek SRT ... 23 4.19 +0.23 ... 10.89 2.48 Traeger COOK ... dd 2.92 +0.20 ... 65.20 26.14 Victoria'sSecret VSCO ... 8 38.39 +5.95 ...
10.41 9.72 PontemA PNTM ... 36 10.16 +0.03 ... 9.90 3.23 SignaSports SSU ... dd 4.94 +0.06 ... 25.47 17.69 StarwoodProp STWD 9.5 8 20.14 +1.19 .48 10.16 9.62 TrajectoryAlphaA TCOA ... dd 10.09 –0.07 ... 9.75 5.88 VinceHolding VNCE ... dd 7.49 –0.03 ...
57.03 41.58 PortlandGenElec POR 3.8 17 48.26 –0.97.4525 17.22 10.42 SITE Centers SITC 3.9 15 13.22 +0.15 .13 103.87 58.62 StateStreet STT 3.0 12 82.97 +2.29 .63 186.06 120.64 TraneTech TT 1.5 26 183.31 +4.81 .67 15.99 5.75 Vipshop VIPS ... 12 15.67 +0.27 ...
96.20 61.67 PostHoldings POST ... 8 93.97 –1.50 ... 83.88 55.74 SJW Group SJW 1.8 42 80.18 –0.53 .36 47.62 32.01 SteelPartners SPLP ... 7 43.46 +0.46 ... 11.85 7.55 Transalta TAC 1.7 37 9.40 +0.31.0406 11.25 3.25 VirginGalactic SPCE ... dd 5.19 +1.50 ...
10.07 9.60 PostHldgsA PSPC ... 46 9.99 +0.04 ... 28.10 18.32 SK Telecom SKM ... 10 20.62 –0.66 ... 12.93 6.20 Steelcase SCS 5.2 52 7.72 +0.16 .10 47.76 37.01 TrancntlRlty TCI ... 1 46.94 +1.33 ... 2.59 0.99 VirnetX VHC ... dd 1.44 –0.09 ...
18.78 14.14 PostalRealty PSTL 6.2 cc 15.10 +0.30 .235 84.95 32.15 SLGreenRealty SLG 8.5 dd 38.05 +2.77.2708 21.91 11.37 Stellantis STLA ... 3 15.42 –0.03 ... 685.71 499.63 TransDigm TDG .0 51 683.88 +34.8518.50 235.85 174.60 Visa V .8 33 223.06 +5.31 .45
26.05 10.60 PowerSchool PWSC ... dd 25.00 +2.51 ... 54.97 28.91 SM Energy SM .9 3 33.07 +3.33 .15 18.02 5.72 Stem STEM ... dd 9.85 +2.29 ... 5.80 2.32 Transocean RIG ... dd 5.66 +0.76 ... 23.39 16.73 Vishay VSH 1.7 8 22.96 +0.74 .10
87.36 37.23 PrecisionDrilling PDS ... dd 81.60 +8.06 ... 48.74 2.54 SOS SOS ... dd 6.85 +3.40 ... 122.33 91.64 Stepan SCL 1.3 17 113.42 +5.70 .365 12.78 4.11 TransportadGas TGS ... 8 11.92 –0.20 ... 42.03 27.03 VishayPrecision VPG ... 17 41.96 +2.01 ...
67.19 48.51 PrestigeCnsHlth PBH ... 16 66.62 +0.18 ... 75.25 41.66 SPX Tech SPXC ... 75 73.00 +5.07 ... 255.93 159.21 Steris STE .9 dd 202.03 +10.28 .47 109.63 50.32 TransUnion TRU .6 52 68.65 +7.43 .105 16.72 5.17 VistaEnergy VIST ... 10 16.70 +1.97 ...
10.31 9.80 PrimeImpactI A PIAI ... 39 10.31 +0.05 ... 8.34 0.65 SQZ Biotech SQZ ... dd .86 +0.12 ... 21.49 13.36 Stevanato STVN .3 34 19.49 –0.51.0546 63.19 33.57 Travel+Leisure TNL 3.9 9 40.88 +3.04 .40 44.28 22.97 VistaOutdoor VSTO ... 4 27.43 +1.49 ...
159.47 110.22 Primerica PRI 1.5 21 150.87 +4.40 .55 43.92 26.56 STAG Indl STAG 4.2 26 34.99 +1.46.1225 78.56 35.96 StewartInfo STC 3.9 5 46.49 +0.68 .45 194.45 149.65 Travelers TRV 1.9 14 193.92 +0.05 .93 27.39 20.26 Vistra VST 3.4 dd 22.38 –0.13 .193
17.57 12.15 PrimoWater PRMW 1.8 dd 15.56 –0.31 .07 10.26 9.69 ST Ener I A STET ... 18 10.23 +0.02 ... 83.28 49.31 StifelFinancial SF 1.9 10 62.61 +2.51 .30 13.15 9.43 Tredegar TG 4.4 7 11.80 +0.99 .13 120.86 45.70 VitalEnergy VTLE ... 1 49.96 +1.87 ...
27.55 16.90 ProAssurance PRA 1.1 58 18.92 +1.11 .05 33.74 24.48 StoreCapital STOR 5.1 28 32.12 +0.05 .41 49.62 28.35 STMicroelec STM .5 10 41.14 +3.03 .06 51.55 29.47 TreeHouseFoods THS ... dd 49.59 –1.41 ... 18.00 15.12 VitesseEnergy VTS.WI ... ... 15.29 ... ...
71.84 40.00 ProcoreTech PCOR ... dd 51.58 +7.40 ... 90.73 46.65 SabineRoyalty SBR 9.5 11 88.37 +5.63.6315 25.87 13.64 Stoneridge SRI ... dd 23.05 +0.54 ... 110.30 38.68 Trex TREX ... 29 50.73 +4.83 ... 11.97 3.26 VivintSmartHome VVNT ... dd 11.96 +0.04 ...
165.35 122.18 Procter&Gamble PG 2.4 26 150.88 –3.04.9133 5.12 2.35 SafeBulkers SB 6.6 2 3.02 +0.05 .05 47.35 25.65 Stride LRN ... 15 33.06 +0.77 ... 26.62 14.59 TriPointe TPH ... 4 20.72 +0.51 ... 136.85 91.53 VMware VMW ... 38 124.93 –1.21 ...
135.45 100.81 Progressive PGR .3 95 133.65 –0.96 .10 71.00 23.65 Safehold SAFE 2.2 15 32.76 +1.78 .177 279.28 188.84 Stryker SYK 1.2 40 259.82 +3.57 .75 17.23 7.19 TriconRes TCN 2.8 3 8.35 +0.26 .058 5.88 0.30 Volta VLTA ... dd .67 +0.21 ...
174.54 98.03 Prologis PLD 2.6 23 121.90 +5.25 .79 234.49 126.34 Salesforce CRM ... cc 149.51 +9.00 ... 8.80 1.52 StudioCity MSC ... dd 7.45 –0.09 ... 10.31 9.80 TrineIIAcqnA TRAQ ... 23 10.29 +0.02 ... 30.37 16.55 Vontier VNT .5 8 21.86 +0.99 .025
9.99 4.03 PropertyGuru PGRU ... dd 4.48 +0.12 ... 19.08 10.95 SallyBeauty SBH ... 9 14.73 +0.11 ... 74.88 49.50 SturmRuger RGR 4.4 9 55.21 +2.58 5.00 103.36 60.61 TriNet TNET ... 13 74.88 +2.33 ... 47.26 20.03 VornadoRealty VNO 9.1 47 23.31 +1.55 .53
16.93 7.25 ProPetro PUMP ... dd 10.90 +1.01 ... 25.42 8.42 Samsara IOT ... dd 12.01 +0.81 ... 17.75 14.25 SuburbanPropane SPH 8.2 7 15.89 +0.49 .325 35.35 20.94 TrinityIndustries TRN 3.7 64 28.11 +1.25 .26 74.97 56.20 VoyaFinancial VOYA 1.2 12 68.56 +2.60 .20
80.46 64.69 ProsperityBcshs PB 2.9 13 75.02 +0.63 .55 15.43 5.92 SanJuanBasin SJT 16.1 8 10.44 +0.84 .172 9.04 5.39 SumitomoMits SMFG 3.0 10 9.03 +0.90.1407 59.73 17.54 Trinseo TSE 4.8 23 26.60 +0.52 .32 198.62 137.54 VulcanMatls VMC .9 41 183.19 +1.83 .40
61.14 22.04 ProtoLabs PRLB ... 32 27.52 +0.38 ... 29.28 9.07 SandRidgeEnergy SD ... 4 17.24 +0.73 ... 10.58 6.58 SummitHotelProp INN .0 dd 7.53 +0.17 .04 16.60 10.36 TripleFlagPrecMtl TFPM 1.5 40 13.67 –0.13 .05
26.07 19.18 ProvidentFinSvcs PFS 4.3 10 22.37 +0.56 .24 9.18 4.51 SandstormGold SAND 1.0 14 5.85 +0.07.0144 38.05 21.62 SummitMaterials SUM ... 13 32.02 +1.30 ... 17.98 10.27 TriplePtVent TPVG12.7 65 11.65 +0.63 .10 W
124.22 85.46 PrudentialFin PRU 4.8 cc 101.00 –0.01 1.20 28.44 20.16 SaratogaInvt SAR 8.4 23 27.05 +0.26 .68 25.39 11.52 SummitMidstream SMLP ... dd 18.29 +0.91 ... 10.21 9.69 TristarAcqnI TRIS ... 20 10.21 +0.09 ...
36.42 18.20 Prudential PUK ... 21 31.75 +1.96 ... 28.37 14.70 Sasol SSL 4.0 4 17.35 +1.47.8578 199.09 117.63 SunComms SUI 2.4 73 148.91 +5.47 .88 9.16 3.57 W&T Offshore WTI ... 4 6.01 +0.78 ...
72.66 48.64 TritonIntl TRTN 3.9 6 71.48 +1.53 .70
75.61 52.51 PublicServiceEnt PEG 3.4 46 62.66 +0.02 .54 56.22 36.21 SaulCenters BFS 5.7 25 41.30 +1.75 .59 58.49 37.96 SunLifeFinancial SLF 4.4 11 48.33 +0.91.5455 108.39 80.82 WEC Energy WEC 3.3 22 95.75 +0.98 .78
27.85 7.84 TriumphGroup TGI ... 7 10.16 +0.41 ...
421.76 270.13 PublicStorage PSA 2.8 12 290.87 +14.11 2.00 58.61 30.65 Schlumberger SLB 1.2 28 58.28 +3.78 .175 9.82 5.72 SunCokeEnergy SXC 3.5 8 9.10 +0.24 .08 183.38 125.00 WEX WEX ... 80 176.54 +9.21 ...
25.63 11.09 Tronox TROX 3.0 4 16.40 +0.79 .125 91.48 67.07 WNS WNS ... 31 84.87 +3.67 ...
57.37 35.03 PulteGroup PHM 1.3 5 50.74 +2.43 .16 27.24 20.26 SchneiderNatl SNDR 1.3 9 24.59 –0.16 .08 42.72 25.27 SuncorEnergy SU 4.7 7 32.44 +1.07.3589 30.32 15.77 TrueBlue TBI ... 9 20.49 –0.22 ...
36.71 21.90 PureStorage PSTG ... cc 26.46 –0.21 ... 96.24 59.35 SchwabC SCHW 1.1 25 82.98 –1.56 .22 11.95 2.16 SunlandsTech STG .0 2 11.18 +1.72 .63 89.63 67.77 W.P.Carey WPC 5.1 33 83.14 +2.531.065
68.95 40.01 TruistFinl TFC 4.4 11 47.57 +1.71 .52 83.70 39.67 WPP WPP 3.5 15 56.69 +4.45.9052
10.48 9.86 PyrophyteAcqn PHYT ... 24 10.36 ... ... 117.94 78.10 ScienceApplicat SAIC 1.4 22 105.97 –2.36 .37 5.70 0.96 SunlightFinl SUNL ... dd 1.33 +0.17 ... 20.20 6.95 TsakosEnergy TNP 1.7 dd 17.74 +2.03 .15
68.97 20.93 Q2Holdings QTWO ... dd 30.73 +2.21 ... 57.71 11.02 ScorpioTankers STNG .8 11 51.23 +1.77 .10 31.47 12.47 SunnovaEnergy NOVA ... dd 21.25 +3.59 ... 26.25 12.23 WabashNational WNC 1.3 28 25.38 +1.62 .08
21.10 3.75 Tupperware TUP ... 5 4.56 –0.08 ... 105.51 78.26 Wabtec WAB .6 29 104.10 +2.56 .15
51.30 40.38 Qiagen QGEN ... 25 50.56 +0.56 ... 165.00 39.06 ScottsMiracleGro SMG 4.4 dd 60.06 +4.44 .66 46.95 34.26 Sunoco SUN 7.3 9 45.44 +1.56.8255 5.32 2.33 TurkcellIletism TKC 2.8 9 4.35 –0.73.0826
7.55 2.12 QuadGraphics QUAD ... dd 4.36 –0.18 ... 10.49 7.15 ScullyRoyalty SRL 11.1 93 8.26 +0.41 .16 12.72 9.20 SunstoneHotelInv SHO .0 11 9.99 +0.49 .05 149.28 75.33 Walker&Dunlop WD 2.6 12 93.19 +9.72 .60
37.00 18.81 TurningPoint TPB 1.1 11 21.98 –0.22 .06 15.59 3.14 Wallbox WBX ... ... 4.57 +0.32 ...
217.72 129.06 QuakerHoughton KWR .9 44 193.58 +18.86 .435 10.32 9.80 SculptorAcqnIA SCUA ... 13 10.32 +0.06 ... 11.09 2.57 SuperGroup SGHC ... dd 3.19 +0.13 ... 12.78 5.40 TutorPerini TPC ... dd 8.55 +0.53 ...
25.94 18.00 QuanexBldg NX 1.3 9 24.96 +1.22 .08 21.23 7.90 SculptorCapMgmt SCU 3.8 dd 8.84 –0.52 .01 6.06 2.88 SuperiorIndsIntl SUP ... dd 5.02 +0.27 ... 160.77 117.27 Walmart WMT 1.5 45 145.29 –1.49 .56
6.70 0.77 Tuya TUYA ... dd 2.48 +0.27 ... 10.79 9.66 WarburgPincusI-A WPCA ... 34 10.13 +0.02 ...
155.00 93.91 QuantaServices PWR .2 51 148.50 +9.38 .08 183.71 40.67 Sea SE ... dd 60.12 +4.43 ... 10.13 9.67 Supernova III A STRE ... 37 10.11 +0.02 ... 233.60 41.00 Twilio TWLO ... dd 54.02 +3.90 ...
10.14 9.83 QuantumFin QFTA ... 37 10.12 +0.02 ... 22.22 10.03 SeabridgeGold SA ... cc 14.08 +0.20 ... 12.83 7.71 Suzano SUZ 4.4 4 9.89 +0.30 .116 10.15 9.68 WarburgPincusI-B A WPCB ... 38 10.15 +0.04 ...
10.15 9.67 TwinRidgeCapA TRCA ... 41 10.12 ... ... 38.26 10.86 WarbyParker WRBY ... dd 16.77 +1.33 ...
22.21 5.11 QuantumScape QS ... dd 8.30 +2.66 ... 34.71 22.00 SeaDrill SDRL ... 0 34.37 +2.31 ... 40.10 7.81 Sweetgreen SG ... dd 9.87 +1.38 ... 10.17 9.65 twoA TWOA ... dd 10.11 +0.02 ...
2.18 0.63 Qudian QD ... dd 1.12 –0.02 ... 70.72 41.24 SealedAir SEE 1.5 14 54.48 +2.01 .20 57.38 26.88 Sylvamo SLVM 2.1 25 48.00 –1.07 .25 42.95 24.92 WarriorMetCoal HCC .7 3 34.43 –0.19 .06
23.52 12.12 TwoHarbors TWO 13.8 4 17.43 +1.41 .60 148.20 113.50 WasteConnections WCN .8 42 130.59 –2.22 .255
158.34 120.40 QuestDiag DGX 1.8 15 147.94 –7.70 .66 76.57 40.01 SeaWorldEnt SEAS ... 13 58.34 –1.50 ... 48.76 27.22 SynchronyFin SYF 2.7 5 33.47 +0.67 .23 492.59 281.11 TylerTech TYL ... 72 316.76 +5.85 ...
7.36 1.68 QuotientTech QUOT ... dd 3.57 +0.16 ... 10.43 6.02 SelectEnergySvcs WTTR 2.2 17 9.17 +0.67 .05 54.40 34.15 SynovusFin SNV 3.4 8 39.58 +0.67 .34 175.98 138.58 WasteMgt WM 1.7 29 154.19 –5.30 .65
100.72 59.38 TysonFoods TSN 3.0 7 64.98 –1.09 .48 3.36 0.90 Waterdrop WDH ... 21 3.19 –0.11 ...
30.31 18.86 SelectMedical SEM 1.7 21 28.60 +2.12 .125 91.53 70.61 Sysco SYY 2.4 28 80.33 +1.62 .49
R 8.46 0.51 SelectQuote SLQT ... dd .91 +0.15 ... 37.10 3.45 System1 SST ... dd 4.92 +0.20 ... U 369.00 265.61 Waters WAT ... 30 339.08 +16.87 ...
176.47 129.69 Sempra SRE 2.8 23 160.83 +6.291.145 311.86 220.68 Watsco WSO 3.6 20 275.46 +13.15 2.45
264.94 152.90 RBC Bearings RBC ... 81 223.83 +11.04 ... T 21.49 13.80 UBS Group UBS 2.4 10 20.78 +0.89 .50 310.60 232.59 Watsco B WSO.B 3.7 20 268.43 +6.11 2.45
19.41 7.16 Semrush SEMR ... dd 8.30 +0.15 ...
10.33 9.80 RCF Acqn A RCFA ... 16 10.33 +0.06 ... 20.53 10.50 SendasDistrib ASAI .8 21 19.50 +1.27.0358 60.01 37.18 UDR UDR 3.8 82 40.15 +1.45 .38 190.08 116.31 WattsWater WTS .8 24 158.26 +9.65 .30
32.24 23.39 RELX RELX 2.1 27 29.14 +0.78.1802 10.45 1.60 TAL Education TAL ... dd 8.64 +0.10 ... 10.09 9.50 WaverleyCap1 A WAVC ... cc 10.08 +0.05 ...
63.91 36.64 SensataTechs ST 1.0 23 45.29 +1.95 .11 47.04 31.19 UGI UGI 3.5 8 40.72 +1.26 .36
31.69 17.03 RE/MAX RMAX 4.3 38 21.15 +1.72 .23 59.38 38.35 TC Energy TRP 6.2 17 42.79 +2.45.7001 172.01 28.11 Wayfair W ... dd 43.23 +5.24 ...
93.75 63.17 SensientTech SXT 2.1 24 77.99 +3.70 .41 68.79 44.79 U-Haul UHAL .0 1 64.51 +4.18 .05
16.38 9.50 REV REVG 1.5 52 13.51 +0.22 .05 18.40 6.52 TDCX TDCX ... 23 12.38 –0.31 ... 11.46 2.91 WeaveComms WEAV ... dd 5.32 +0.94 ...
48.46 12.69 SentinelOne S ... dd 14.32 +1.04 ... 68.29 51.12 U-Haul N UHAL.B .3 ... 60.11 +2.44 .04
454.25 207.37 RH RH ... 15 310.38 +18.31 ... 115.14 78.86 TD Synnex SNX 1.3 16 111.35 +12.08 .35 12.25 4.82 Weber WEBR .0 dd 8.09 ... .04
5.10 2.28 SequansComms SQNS ... ... 3.24 –0.04 ... 161.09 104.76 TE Connectivity TEL 1.8 17 124.24 +3.84 .56 25.46 15.14 UMH Prop UMH 4.8 dd 17.20 +0.73 .205
140.69 96.22 RLI RLI .7 11 139.64 +2.68 7.00 14.52 4.90 SeritageGrowth SRG ... dd 12.30 +0.19 ... 61.10 44.02 Unitil UTL 2.9 21 53.24 +0.81 .39 64.90 40.72 WebsterFin WBS 3.3 14 48.01 +0.15 .40
15.45 9.84 RLJ Lodging RLJ 1.8 dd 11.27 +0.64 .05 23.04 18.54 Tegna TGNA 1.9 8 20.26 –0.57 .095 95.57 58.40 WeisMarkets WMK 1.5 20 88.38 +2.43 .34
75.11 56.85 ServiceCorp SCI 1.5 17 71.15 +1.83 .27 27.50 18.85 Telus TU 4.9 18 21.02 +0.91 .26 21.24 14.90 USA Compression USAC10.0 dd 20.91 +1.41 .525
3.97 0.90 RLX Tech RLX ... 11 2.75 +0.20 ... 621.41 337.00 ServiceNow NOW ... cc 414.89 +48.36 ... 32.65 19.22 US Cellular USM ... 23 22.29 –0.56 ... 60.30 36.54 WellsFargo WFC 2.7 11 44.22 +1.42 .30
12.91 5.16 RPC RES .8 15 9.78 +0.58 .02 31.52 17.65 TelusIntl TIXT ... 32 22.07 +2.26 ... 99.43 56.50 Welltower WELL 3.4 cc 71.15 +1.37 .61
97.25 63.54 ServisFirst SFBS 1.6 17 72.12 +3.40 .28 50.36 26.01 Ternium TX 7.6 2 35.75 +3.67 .90 39.73 25.49 US Foods USFD ... 43 37.29 –0.25 ...
106.50 74.56 RPM RPM 1.9 21 87.06 +0.48 .42 131.50 73.30 US PhysTherapy USPH 1.8 30 89.65 +5.29 .41 147.05 99.00 WescoIntl WCC ... 10 137.03 +6.80 ...
79.25 37.72 ShakeShack SHAK ... dd 56.36 +9.93 ... 112.25 71.63 TFI Intl TFII 1.3 12 107.47 +3.74 .35
14.37 7.28 RPTRealty RPT 5.2 cc 10.06 +0.18 .13 21.54 8.91 US Silica SLCA ... 37 12.48 +1.12 ... 102.96 68.75 WestFraserTimber WFG 1.7 3 72.59 –2.78 .30
3.82 0.50 Shapeways SHPW ... dd .59 ... ... 15.61 10.66 TIM TIMB 3.8 14 11.30 –0.10.1794
25.50 14.75 RXO RXO ... 15 17.11 +0.24 ... 5.44 1.46 US Xpress USX ... dd 2.18 +0.20 ... 424.00 206.19 WestPharmSvcs WST .3 30 250.70 +18.20 .19
31.60 23.64 ShawComm B SJR 3.1 25 28.65 –0.10.0767 83.13 53.69 TJX TJX 1.4 28 81.53 –1.19 .295
24.84 17.84 RadianGroup RDN 4.1 4 19.69 +0.98 .20 5.93 2.84 UWM UWMC10.2 7 3.91 +0.40 .10 122.43 54.86 WestAllianceBcp WAL 2.2 7 64.60 +2.56 .36
61.68 44.90 Shell SHEL 3.3 5 59.61 +2.36 .50 10.37 9.68 TLGAcqnOneA TLGA ... 44 10.23 +0.07 ...
4.99 1.60 Rafael RFL ... dd 2.12 +0.14 ... 22.40 7.00 WstAstMtgCap WMC16.2 dd 9.88 +0.63 .40
313.45 195.24 SherwinWilliams SHW 1.0 33 245.88 +10.08 .60 9.90 9.70 TPGPaceBenII YTPG ... dd 9.87 +0.05 ... 42.72 19.90 Uber UBER ... dd 29.44 +3.04 ...
135.99 82.23 RalphLauren RL 2.5 17 118.81 +2.84 .75 29.50 21.69 WesternMidstrm WES 7.1 10 28.32 +1.20 .50
66.86 29.39 Shift4Paymts FOUR ... cc 62.57 +7.52 ... 13.38 6.31 TPG RE Fin TRTX 12.1 dd 7.94 +0.62 .24 350.63 218.15 Ubiquiti UI .8 53 292.25 +12.43 .60
37.44 16.71 RangeResources RRC 1.3 5 25.18 +1.32 .08 20.40 12.27 WesternUnion WU 6.6 7 14.29 +0.21 .235
34.92 22.98 ShinhanFin SHG 4.9 5 33.29 +1.08.1552 10.13 9.66 TailwindIntlA TWNI ... 46 10.12 +0.01 ... 39.00 10.40 UiPath PATH ... dd 13.81 +2.11 ...
11.87 8.40 RangerEnergySvcs RNGR ... 10 11.50 +0.64 ... 141.19 81.29 Westlake WLK 1.2 6 114.39 +5.99 .357
112.25 23.63 Shopify SHOP ... dd 38.89 +2.04 ... 143.88 59.43 TaiwanSemi TSM 1.6 15 86.80 +8.73.3392 3.21 2.13 UltraparPart UGP 5.0 11 2.51 +0.13.0613
33.15 2.90 Ranpak PACK ... dd 6.71 +0.58 ... 54.78 30.08 WestRock WRK 2.9 10 37.57 +0.84 .275
10.26 9.80 ShoulderUpTechA SUAC ... cc 10.22 –0.03 ... 16.13 12.28 TakedaPharm TAK 3.6 30 16.10 +0.52.3012 20.65 6.38 UnderArmour A UAA ... 17 11.49 +0.74 ...
126.00 84.86 RaymondJames RJF 1.5 17 115.55 +5.37 .42 19.95 9.55 Westwood WHG 4.5 81 13.32 +0.28 .15
98.74 44.61 Shutterstock SSTK 1.6 26 61.13 +5.32 .24 25.49 9.08 TalosEnergy TALO ... 4 20.96 +2.87 ... 17.75 5.74 UnderArmour C UA ... 15 10.16 +0.63 ...
9.84 2.44 RayonierAdvMatls RYAM ... dd 6.71 –2.29 ... 9.74 1.02 WeWork WE ... dd 1.80 +0.42 ...
20.64 8.00 Sibanye-Stillwater SBSW 5.3 7 12.31 +0.65.3246 19.91 13.26 Tanger SKT 4.8 25 18.47 +0.45 .22 23.11 6.33 Unifi UFI ... dd 9.22 +0.43 ...
45.87 29.51 Rayonier RYN 3.3 62 34.96 +0.50 .285 43.04 27.37 Weyerhaeuser WY 2.3 10 31.82 +0.21 .18
106.02 80.27 RaytheonTech RTX 2.2 33 98.68 –3.78 .55
92.25 48.31 SignetJewelers SIG 1.1 12 72.04 +0.55 .20 43.58 26.39 Tapestry TPR 2.8 14 43.38 +2.33 .30 204.25 154.72 Unifirst UNF .6 36 198.79 –2.01 .31 51.91 28.62 WheatonPrecMet WPM 1.3 25 44.53 +1.23 .15
29.88 10.70 SignifyHealth SGFY ... dd 28.88 +0.28 ... 81.50 52.60 TargaResources TRGP 1.9 73 75.40 +2.30 .35 54.36 42.44 Unilever UL 3.6 20 51.44 +0.64.4211
15.92 9.69 ReadyCapital RC 13.0 6 12.27 +0.89 .40 4.27 0.98 WheelsUp UP ... dd 1.47 +0.29 ...
54.59 38.59 SilganHoldings SLGN 1.2 15 52.73 +0.24 .16 254.87 137.16 Target TGT 2.6 23 164.60 +4.45 1.08 278.94 183.70 UnionPacific UNP 2.4 19 213.23 +1.22 1.30
75.40 55.50 RealtyIncome O 4.5 62 66.19 +2.11.2485 223.21 124.43 Whirlpool WHR 4.5 25 154.29 +2.79 1.75
8.78 1.67 Redwire RDW ... ... 2.65 +0.56 ... 49.91 19.00 SilverBowRscs SBOW ... 2 27.37 +1.20 ... 51.08 27.50 TaroPharm TARO ... 18 30.63 +1.48 ... 23.10 3.93 Unisys UIS ... dd 5.24 –0.05 ... 1450.36 982.60 WhiteMtnIns WTM .1 dd 1436.42 +16.18 1.00
12.87 5.52 RedwoodTrust RWT 12.1 dd 7.61 +0.46 .23 162.65 10.81 SilvergateCapital SI ... 3 13.20 +0.96 ... 35.08 22.06 TataMotors TTM ... dd 24.91 +1.58 ... 11.70 5.36 UnitedMicro UMC ... 7 7.50 +0.50 ... 13.66 8.15 WhitestoneREIT WSR 4.7 29 10.31 +0.39 .04
171.64 108.28 RegalRexnord RRX 1.0 24 137.33 +11.32 .35 17.34 4.37 Similarweb SMWB ... dd 5.88 –0.27 ... 33.71 20.05 TaylorMorrison TMHC ... 4 33.15 +0.46 ... 49.56 32.90 UnitedNatFoods UNFI ... 11 41.11 +1.88 ... 22.94 8.57 WideOpenWest WOW ... 4 10.68 +0.52 ...
56.95 26.52 RegionalMgmt RM 3.7 5 32.29 +2.44 .30 162.09 86.02 SimonProperty SPG 5.7 20 125.57 +6.70 1.80 30.70 5.06 Team TISI ... dd 8.98 +2.24 ... 233.72 154.87 UPS B UPS 3.3 14 182.15 +3.20 1.52 57.11 36.57 Wiley A WLY 3.2 25 44.09 +1.86.3475
25.57 18.01 RegionsFin RF 3.6 11 22.43 +0.04 .20 130.50 75.25 SimpsonMfg SSD 1.0 12 99.55 +3.32 .26 13.14 5.48 TechnipFMC FTI ... dd 12.88 +0.44 ... 393.98 230.54 UnitedRentals URI ... 14 392.24 +14.90 ... 57.07 37.89 Wiley B WLYB 3.2 25 44.11 +2.38.3475
2.34 0.50 Regis RGS ... dd 1.54 +0.04 ... 8.66 4.07 SiriusPoint SPNT ... dd 6.58 +0.44 ... 45.90 24.72 TeckRscsB TECK .9 6 42.01 +2.59.0953 63.55 38.39 US Bancorp USB 4.1 11 47.33 +1.02 .48 37.97 27.32 Williams WMB 5.2 20 32.81 +0.25 .425
148.75 97.61 ReinsGrp RGA 2.2 17 145.96 +0.40 .80 206.50 97.36 SiteOneLandscape SITE ... 22 132.04 +8.05 ... 32.90 16.05 Tecnoglass TGLS .9 13 32.22 +1.00 .075 39.25 16.41 US Steel X .7 2 28.35 +1.45 .05 10.85 9.87 WilliamsRowland WRAC ... dd 10.27 +0.07 ...
217.28 145.79 RelianceSteel RS 1.6 7 216.80 +8.66 .875 33.65 18.32 SitioRoyalties STR 10.6 13 27.02 +1.29 .72 4.62 2.54 Teekay TK ... 22 4.57 +0.24 ... 558.10 445.74 UnitedHealth UNH 1.3 24 489.57 –0.43 1.65 176.89 101.58 Williams-Sonoma WSM 2.4 8 128.51 +4.75 .78
199.35 124.18 RenaissanceRe RNR .7 dd 198.25 +5.42 .37 47.24 16.83 SixFlags SIX ... 23 26.42 +0.63 ... 36.61 9.89 TeekayTankers TNK ... 24 29.03 +1.80 ... 120.40 21.22 UnitySoftware U ... dd 31.57 +4.32 ... 75.77 43.05 Winnebago WGO 1.8 6 61.25 +4.19 .27
8.43 3.46 ReneSola SOL ... 13 5.25 +0.44 ... 49.89 31.28 SkechersUSA SKX ... 10 46.56 +1.97 ... 20.24 14.31 TejonRanch TRC ... 31 20.19 +0.72 ... 34.53 21.49 Univar UNVR ... 9 33.35 +1.02 ... 8.62 4.38 Wipro WIT 1.5 18 4.79 +0.13.0585
33.91 1.29 Renren RENN .0 dd 2.09 +0.2731.5585 13.39 4.10 SkeenaRscs SKE ... dd 6.57 +0.11 ... 82.99 21.60 TeladocHealth TDOC ... dd 26.92 +4.63 ... 64.13 43.64 Universal UVV 5.8 15 54.15 +1.07 .79 6.41 4.60 WisdomTree WT 2.1 12 5.76 +0.10 .03
36.00 25.35 RentokilInit RTO 1.2 33 31.99 +1.99.2664 7.98 1.03 Skillsoft SKIL ... dd 2.05 +0.60 ... 6.59 3.72 TelecomArgentina TEO 20.5 dd 6.05 +0.58.3139 60.70 40.92 UniversalHealth UHT 5.5 7 51.88 +3.11 .715 125.48 58.07 Wolfspeed WOLF ... dd 79.87 +9.30 ...
149.17 113.57 RepublicSvcs RSG 1.6 27 124.89 –3.47 .495 6.26 0.45 Skillz SKLZ ... dd .74 +0.22 ... 493.97 325.00 TeledyneTech TDY ... 27 416.13 +7.59 ... 158.28 82.50 UniversalHealthB UHS .5 15 147.88 –4.08 .20 27.43 9.60 WolverineWwide WWW 2.9 7 13.62 +2.72 .10
27.07 14.95 ResideoTech REZI ... 9 18.20 +0.84 ... 81.87 43.04 SkylineChamp SKY ... 8 58.98 +4.50 ... 356.72 182.65 Teleflex TFX .6 28 240.98 –16.95 .34 19.49 8.39 UnivInsurance UVE 5.4 dd 11.86 +1.26 .13 26.79 17.23 WoodsideEnergy WDS 8.1 8 25.82 +2.04 1.09
262.38 189.40 ResMed RMD .8 41 218.10 +9.21 .44 9.71 2.03 SmartRent SMRT ... dd 2.77 +0.04 ... 11.78 6.49 TelefonicaBras VIV 7.1 12 7.44 +0.14.0296 11.45 5.27 UnvlTechInst UTI ... 19 7.02 +0.31 ... 39.71 22.18 WooriFin WF 5.8 3 31.26 +1.071.7502
21.96 11.00 ResoluteForest RFP ... 4 21.25 –0.25 ... 66.74 25.09 Smartsheet SMAR ... dd 42.36 +5.90 ... 5.39 3.10 Telefonica TEF 2.9 cc 3.97 +0.21.1553 46.64 24.23 UnumGroup UNM 3.2 7 41.37 +0.23 .33 124.76 59.43 Workiva WK ... dd 89.58 +7.48 ...
68.54 46.68 RestaurantBrands QSR 3.3 22 66.35 +0.69 .54 82.00 46.58 SmithAO AOS 1.9 20 62.13 +0.69 .30 33.21 23.03 TelekmIndonesia TLK 3.1 16 24.91 +0.811.0389 26.25 1.59 UpHealth UPH ... dd 3.13 +0.64 ... 29.28 19.29 WorldFuelSvcs INT 2.0 16 28.12 +0.84 .14
63.92 20.17 Revolve RVLV ... 22 23.94 +2.13 ... 36.14 21.78 Smith&Nephew SNN 2.6 25 28.58 –0.06 .288 21.05 9.65 Telephone&Data TDS 6.3 28 11.43 –0.40 .18 19.85 12.91 UrbanEdgeProp UE 4.1 24 15.50 +0.85 .16 10.25 9.76 WorldQuantumA WQGA ... 23 10.25 +0.02 ...
36.49 26.05 RexAmerRes REX ... 14 32.18 +1.80 ... 163.07 119.82 Smucker SJM 2.6 29 154.43 –8.16 1.02 43.22 20.03 TempurSealy TPX 1.0 14 39.67 +3.93 .10 22.80 14.76 UrstadtBiddle UBP 5.0 27 18.00 +0.01 .225 93.63 47.71 WW Ent WWE .5 35 89.40 +5.13 .12
84.68 48.74 RexfordIndlRealty REXR 2.1 63 58.93 +2.76 .315 41.97 7.33 Snap SNAP ... dd 9.80 +0.58 ... 11.16 9.71 10XCapIII A VCXB ... cc 10.14 +0.14 ... 20.88 15.07 UrstadtProp A UBA 5.4 28 18.55 –0.14 .25 62.83 38.01 WorthingtonInds WOR 2.3 13 54.99 +2.90 .31
10.40 9.71 RiceAcqnII A RONI ... 18 10.18 +0.02 ... 249.77 190.08 SnapOn SNA 2.6 15 248.81 +11.40 1.62 35.75 21.94 Tenaris TS .0 10 35.13 +2.02 .56 101.53 48.61 UsanaHealth USNA ... 15 57.83 +1.97 ... 93.86 58.82 WyndhamHtls WH 1.7 20 73.63 +1.80 .32
10.33 9.80 RigelResourceA RRAC ... 16 10.31 +0.01 ... 329.49 110.27 Snowflake SNOW ... dd 140.87 +16.81 ... 9.29 2.95 TencentMusic TME ... 32 8.99 +0.25 ... 19.98 12.06 UtzBrands UTZ 1.4 dd 16.53 +0.17 .057
182.04 28.00 RingCentral RNG ... dd 36.26 +2.24 ... 115.76 49.80 SOQUIMICH SQM 6.6 8 83.67 +3.992.0024 92.65 36.69 TenetHealthcare THC ... 10 51.73 –0.33 ... XYZ
14.61 7.04 SolarisOilfield SOI 3.9 21 10.72 +1.04 .105 85.33 54.90 Tennant TNC 1.6 25 67.51 +2.16 .265 V
84.69 50.92 RioTinto RIO 8.8 7 77.55 +3.48 2.67
7.74 3.43 Riskified RSKD ... dd 5.31 +0.90 ... 14.36 7.51 SolarWinds SWI ... dd 9.23 –0.04 ... 52.53 28.65 Teradata TDC ... 50 33.13 –0.53 ... 4.20 1.62 XFinancial XYF ... 2 3.93 +0.11 ...
16.83 3.39 SoloBrands DTC ... dd 4.13 +0.22 ... 48.11 26.64 Terex TEX 1.1 13 48.04 +4.51 .13 72.31 25.05 VF VFC 6.6 29 31.13 +1.59 .51 47.31 24.75 XPO XPO ... 5 37.39 +1.40 ...
72.73 48.65 RitchieBros RBA 1.8 22 59.45 +0.80 .27 10.69 1.25 ViaOptronics VIAO ... dd 2.25 +0.54 ...
12.44 3.20 RiteAid RAD ... dd 3.47 +0.02 ... 8.43 0.86 Sonendo SONX ... dd 2.42 +0.41 ... 12.69 1.29 TerranOrbital LLAP ... dd 1.85 +0.47 ... 20.36 12.48 XeniaHotels XHR .0 dd 13.66 +0.78 .10
59.19 34.17 SonicAutomotive SAH 2.3 5 49.32 +0.80 .28 81.01 50.36 TerrenoRealty TRNO 2.6 28 62.73 +4.17 .40 35.69 26.23 VICI Prop VICI 4.7 31 33.15 +1.35 .39 12.30 2.95 XinyuanRealEst XIN ... dd 4.43 +0.20 ...
11.75 6.86 RithmCapital RITM 11.3 5 8.86 +0.32 .25
36.47 11.25 SonidaSrLiving SNDA ... dd 15.44 +2.12 ... 5.82 2.70 TetraTech TTI ... 62 3.94 +0.48 ... 18.15 6.47 Vizio VZIO ... dd 8.41 +0.86 ... 49.72 6.18 XPeng XPEV ... dd 9.99 –0.12 ...
0.38 0.07 RiverNorthCapRt RSF.RT ... ... .09 –0.28 ...
67.06 51.52 SonocoProducts SON 3.2 14 61.19 +1.05 .49 11.45 6.78 TevaPharm TEVA ... dd 11.24 +0.72 ... 13.43 5.31 VOC Energy VOC 10.7 11 11.90 +1.78 .365 26.00 8.15 Xperi XPER ... ... 9.92 +1.04 ...
125.77 65.40 RobertHalf RHI 2.2 13 77.50 +1.25 .43
125.00 61.72 Sony SONY .5 14 85.75 +4.36.2579 2739.00 946.29 TexasPacLand TPL .6 38 2108.49 +40.68 3.00 8.90 2.66 VTEX VTEX ... dd 4.32 +0.36 ... 26.90 11.20 XponentialFit XPOF ... dd 24.58 –0.11 ...
82.45 21.65 Roblox RBLX ... dd 33.21 +4.33 ...
35.87 23.14 SoJerseyInd SJI 3.5 27 35.77 +0.05 .31 41.89 25.47 Textainer TGH 3.0 5 33.00 +1.57 .25 48.75 29.55 V2X VVX ... 37 43.21 +1.17 ... 118.58 72.08 Xylem XYL 1.0 66 116.93 +5.66 .30
14.32 5.97 RocketCos. RKT .0 10 8.25 +0.78 1.01
80.57 60.71 Southern SO 3.9 22 70.32 –1.31 .68 76.85 57.11 Textron TXT .1 18 70.25 –1.60 .02 8.77 3.57 VaalcoEnergy EGY 2.8 4 4.64 +0.27.0325 71.89 27.86 Yeti YETI ... 21 44.98 +3.10 ...
10.19 9.66 RocketInternetA RKTA ... 39 10.12 +0.03 ...
5.14 0.14 RockleyPhotonics RKLY ... dd .21 +0.02 ... 79.32 42.42 SoCopper SCCO 4.5 23 77.06 +9.66 .50 618.36 475.77 ThermoFisher TMO .2 33 583.84 +48.84 .30 308.10 201.91 VailResorts MTN 3.0 30 251.84 +3.36 1.91 11.32 2.82 YPF YPF ... 2 11.08 +1.63 ...
328.58 190.08 Rockwell ROK 1.7 36 285.24 +17.72 1.18 10.41 9.76 SouthportAcqnA PORT ... 17 10.25 +0.06 ... 22.16 13.26 Thermon THR ... 20 22.00 +1.33 ... 72.52 36.55 Valaris VAL ... 31 71.82 +6.13 ... 7.01 3.00 Yalla YALA ... 10 4.46 –0.05 ...
64.55 36.23 RogersComm B RCI 3.1 20 48.33 +0.76.3709 50.10 30.20 SouthwestAir LUV 1.9 29 36.99 +1.91 .18 118.66 91.55 ThomsonReuters TRI 1.5 61 117.80 +1.12 .445 21.29 11.72 Vale VALE 7.7 4 18.43 +0.77.0474 6.40 3.88 YamanaGold AUY 2.0 23 6.11 +0.21 .03
274.51 98.45 Rogers ROG ... 34 130.01 +10.66 ... 95.62 59.51 SouthwestGas SWX 3.8 27 66.01 +0.84 .62 101.14 66.26 ThorIndustries THO 2.0 5 91.70 +8.48 .45 7.48 2.71 ValensSemicon VLN ... dd 5.15 +0.15 ... 2.20 0.39 YatsenHolding YSG ... dd 1.69 –0.09 ...
43.06 28.51 Rollins ROL 1.4 54 37.78 +1.25 .13 9.87 3.81 SouthwesternEner SWN ... 4 5.97 +0.37 ... 20.51 7.02 3D Systems DDD ... dd 9.14 +0.91 ... 146.81 75.04 ValeroEnergy VLO 2.9 6 136.13 +8.57 .98 39.27 25.30 Yelp YELP ... 55 29.05 +0.47 ...
488.23 356.22 RoperTech ROP .6 42 450.98 +7.31.6825 100.03 38.93 SpectrumBrands SPB 2.6 35 64.46 +1.56 .42 180.87 107.07 3M MMM 4.6 11 129.51 +2.79 1.49 54.06 20.83 Valhi VHI 1.3 5 24.64 +2.13 .08 9.07 4.00 Yext YEXT ... dd 6.65 +0.44 ...
10.96 9.66 RossAcqnIIA ROSS ... 34 10.15 +0.01 ... 3.52 0.86 SpireGlobal SPIR ... dd 1.26 +0.28 ... 39.53 12.08 Tidewater TDW ... dd 39.05 +3.25 ... 353.36 203.31 ValmontInds VMI .7 31 338.09 +12.29 .55 3.01 0.67 YirenDigital YRD ... ... 2.91 +0.81 ...
119.41 83.63 RoyalBkCanada RY 3.9 12 100.27 +3.29.9832 79.24 61.52 Spire SR 3.9 18 73.12 +1.01 .72 13.84 6.65 Tilly's TLYS ... 12 8.69 –0.24 ... 36.65 24.40 Valvoline VVV 1.4 15 35.16 +0.79 .125 14.88 3.03 Youdao DAO ... dd 7.66 +0.05 ...
90.55 31.09 RoyalCaribbean RCL ... dd 63.48 +8.49 ... 53.31 21.14 SpiritAeroSys SPR .1 dd 34.39 +0.96 .01 78.22 50.85 Timken TKR 1.6 16 78.15 +6.47 .31 17.71 0.46 Vapotherm VAPO ... dd 1.95 –0.59 ... 132.87 103.97 Yum!Brands YUM 1.8 34 130.22 –0.07 .57
10.50 1.06 RubiconTech RBT ... dd 1.89 +0.18 ... 28.30 15.92 SpiritAirlines SAVE ... dd 20.66 +1.36 ... 26.23 12.67 TimkenSteel TMST ... 7 19.57 +0.77 ... 13.38 8.64 VectorGroup VGR ... 13 12.46 –0.02 ... 60.73 33.55 YumChina YUMC .8 30 60.21 +2.19 .12
12.46 2.89 RushStreetInt RSI ... dd 4.10 +0.25 ... 49.75 34.31 SpiritRealtyCap SRC 6.3 22 42.20 +1.72 .663 19.81 9.19 TItanIntl TWI ... 7 17.12 +1.17 ... 239.67 151.02 VeevaSystems VEEV ... 67 164.24 +4.63 ... 91.23 16.23 ZimIntShipping ZIM 162.0 0 17.01 –0.12 2.95
46.40 32.13 RyanSpecialty RYAN ... 95 43.88 +2.88 ... 226.40 69.29 Spotify SPOT ... dd 92.06 +8.52 ... 30.60 11.91 Toast TOST ... dd 19.91 +2.48 ... 10.90 1.28 Velo3D VLD ... dd 2.11 +0.19 ... 31.68 16.27 ZTO Express ZTO .0 24 28.68 +1.05 .25
97.26 61.71 RyderSystem R 2.7 6 91.37 +7.97 .62 10.41 9.65 SpreeAcqn1 A SHAP ... dd 10.30 ... ... 67.19 39.53 Toll Bros TOL 1.4 5 56.13 +3.02 .20 13.81 8.15 VelocityFinl VEL ... 11 10.00 –0.02 ... 5.39 1.05 ZeppHealth ZEPP .0 dd 2.15 +0.37 .08
44.09 17.90 RyersonHolding RYI 1.9 2 33.12 +1.43 .16 15.05 7.25 Sprinklr CXM ... dd 8.41 +0.65 ... 46.70 31.05 TootsieRoll TR .8 44 45.08 –1.03 .09 2.78 0.41 VenatorMaterials VNTR ... 1 .64 –0.09 ... 13.46 4.09 ZetaGlobal ZETA ... dd 8.87 +0.73 ...
101.19 70.47 RymanHospitality RHP .8 75 85.57 +5.63 .25 57.00 29.76 Sprott SII 2.4 53 41.44 +3.67 .25 244.40 140.66 TopBuild BLD ... 12 186.29 +20.41 ... 64.02 35.33 Ventas VTR 3.7 dd 48.99 +1.17 .45 10.39 1.86 ZeviaPBC ZVIA ... dd 4.50 –0.14 ...
2.79 0.69 SprucePower SPRU ... dd 1.20 +0.21 ... 26.73 16.80 TopgolfCallaway MODG ... 22 22.46 +1.84 ... 18.85 10.22 VerisResidential VRE ... dd 16.80 +0.23 ... 4.85 0.89 Zhihu ZH ... dd 1.76 –0.10 ...
S 34.97 14.43 Squarespace SQSP ... dd 22.26 +0.86 ... 117.66 71.86 Toro TTC 1.2 28 116.19 +3.35 .34 161.10 85.57 Veritiv VRTV 2.0 6 125.99 +13.61 .63 135.05 100.39 ZimmerBiomet ZBH .8 94 123.38 –2.32 .24
62.21 31.11 St.Joe JOE 1.0 33 42.01 +1.16 .10 86.02 57.27 TorontoDomBk TD 4.1 9 66.35 +2.11.6833 55.51 34.55 Verizon VZ 6.2 9 41.86 –0.33.6525 25.00 13.78 ZipRecruiter ZIP ... 34 17.65 +1.03 ...
139.82 78.22 SAP SAP 1.3 39 117.01 +7.90 2.66 52.35 31.61 StandardMotor SMP 2.9 10 37.43 +1.29 .27 9.69 2.59 Torrid CURV ... 12 3.56 +0.32 ... 30.17 13.44 VermilionEnergy VET 1.6 3 15.54 +0.47.0593 207.40 124.15 Zoetis ZTS .9 37 160.92 +13.28 .375
434.78 279.32 S&P Global SPGI .9 31 366.38 +18.54 .85 109.88 79.02 StandexInt SXI 1.0 21 109.75 +4.82 .28 10.40 9.61 TortoiseEcoIII A TRTL ... 27 10.04 +0.04 ... 11.95 2.58 VerticalAerospace EVTL ... ... 2.66 –0.46 ... 17.15 5.45 Zuora ZUO ... dd 6.73 +0.25 ...
10.15 8.74 SDCLEDGEAcqn SEDA ... 22 10.11 +0.03 ... 193.74 70.24 StanleyBlackDck SWK 3.6 10 88.91 +7.84 .80 64.93 44.61 TotalEnergies TTE ... 7 64.63 +2.80 ... 23.77 7.76 Vertiv VRT .1 dd 14.97 +0.85 .01 36.82 20.65 ZurnElkayWater ZWS 1.2 52 22.43 +0.20 .07
50 BARRON’S January 16, 2023

D ATA NASDAQ ISSUES - NEW HIGHS - NEW LOWS B A R R ON S .C OM / D ATA

52-Week Tick Div 52-Week Tick Div 52-Week Tick Div
High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt.
10.53 9.80 APxAcqnI A APXI ... 18 10.30 +0.02 ... 14.20 2.84 BiomeaFusion BMEA ... dd 7.44 +0.39 ... 73.76 12.82 Cerence CRNC ... dd 21.59 ... ...

Five-Day Nasdaq Composite 12.16

3.70
2.53
15.59
1.31
0.62
0.58
9.93
ApyxMedical
AquestiveTherap
Aravive
ArborRaphaCapBioI
APYX ...
AQST ...
ARAV ...
ARCK ...
dd
dd
dd
dd
2.59
.99
1.79
11.90
+0.01 ...
+0.10 ...
+0.12 ...
–3.51 ...
12.99
206.24
10.30
52.75
3.51
117.08
9.78
1.95
Bionomics
BioNTech
BioPlusAcqnA
BioraTherap
BNOX ...
BNTX .0
BIOS ...
BIOR ...
dd
3
cc
dd
4.28
145.05
10.29
4.27
+0.48 ...
–5.041.5342
+0.01 ...
+2.21 ...
28.62
6.00
10.32
33.13
10.60
2.53
9.81
16.64
Certara
Cerus
ChainBridgeIA
ChampionX
CERT ...
CERS ...
CBRG ...
CHX .9
dd
dd
22
51
17.39
3.14
10.31
31.98
+1.49 ...
–0.64 ...
+0.02 ...
+2.15 .075
3.64 1.85 ArbutusBiopharma ABUS ... dd 2.85 +0.34 ... 10.53 2.00 Biote BTMD ... 14 3.93 +0.74 ... 8.46 1.10 ChargeEnt CRGE ... dd 1.51 +0.28 ...
Booster Shot: Biotech firms begged for attention at J.P. Morgan’s 98.95 65.16 ArcBest ARCB .6 6 78.10 +2.14 .12 15.10 1.65 Bioventus BVS ... dd 2.41 –0.54 ... 621.00 297.66 CharterComms CHTR ... 12 388.47 +20.74 ...
34.68 6.04 Arcellx ACLX ... dd 32.16 –1.41 ... 4.63 0.38 Bitfarms BITF ... dd 1.07 +0.53 ... 149.62 107.54 CheckPoint CHKP ... 21 128.99 +0.79 ...
healthcare conference. Bitcoin rose. Inflation eased. The Nasdaq Com- 64.06 41.05 ArchCapital ACGL ... 20 63.76 –0.14 ... 4.62 1.18 BlackDiamond BDTX ... dd 2.64 +0.58 ... 44.65 26.05 Cheesecake CAKE 2.8 41 38.52 +3.10 .27
156.40 2.55 Arcimoto FUV ... dd 4.66 +1.26 ... 77.91 43.54 Blackbaud BLKB ... dd 61.43 –0.18 ... 42.16 26.28 ChefsWarehouse CHEF ... 43 36.77 +1.06 ...
posite Index ended Friday at 11,079—up 4.8% for the week. 22.74 7.85 ArcoPlatform ARCE ... cc 13.27 +0.62 ... 93.11 48.73 BlackLine BL ... dd 70.64 +1.62 ... 48.75 40.74 ChemungFinl CHMG 2.6 8 47.50 +2.15 .31
33.82 11.70 ArcturusTherap ARCT ... dd 19.88 +3.47 ... 4.35 3.31 BlackRockCapInvt BKCC10.6 18 3.78 +0.13 .10 10.38 9.98 ChengheAcqnA CHEA ... cc 10.32 –0.04 ...
27.40 12.81 ArcutisBiotherap ARQT ... dd 14.12 –0.89 ... 14.52 10.65 BlkRkTCPCap TCPC 9.7 11 13.26 +0.31 .32 107.31 61.45 ChesapeakeEner CHK 2.2 5 91.21 +3.42 2.61
Monday Tuesday Wednesday Thursday Friday 3.17 0.49 Ardelyx ARDX ... dd 3.16 +0.29 ... 10.10 9.62 bleuacaciaA BLEU ... cc 10.07 +0.02 ... 20.29 13.87 ChicagoAtlRealEst REFI 11.9 9 15.77 +0.69 .29
23.00 16.53 AresCapital ARCC10.2 11 18.90 +0.40 .03 0.22 0.04 bleuacaciaRt BLEUR ... ... .08 ... ... 15.89 4.35 ChickenSoupA CSSE ... dd 5.72 +0.10 ...
11,120 407.93 249.50 arGEN-X ARGX ... dd 401.00 +25.19 ... 10.70 9.79 BlockchainCoinIA BCSA ... 54 10.35 +0.04 ... 75.66 29.20 Children'sPlace PLCE ... 6 38.92 +2.31 ...
11.65 0.36 ArgoBlockchain ARBK ... dd 1.47 +0.05 ... 10.40 9.76 BlockchainMoonA BMAQ ... dd 10.28 +0.05 ... 6.43 1.27 Chimerix CMRX ... 1 2.06 +0.19 ...
13.13 4.23 Arhaus ARHS ... 18 12.60 +2.36 ... 0.35 0.03 BlockchainMoonRt BMAQR ... ... .07 +0.01 ... 9.08 3.75 Chindata CD ... 31 8.36 +0.46 ...
10.19 9.74 AriszAcqnA ARIZ ... dd 10.15 –0.04 ... 25.51 15.89 BloominBrands BLMN 2.3 25 23.93 +2.26 .14 27.44 11.16 ChinookTherap KDNY ... dd 25.98 +0.74 ...
10.18 9.79 ArmadaAcqnI AACI ... dd 10.18 +0.02 ... 27.50 15.10 Blucora BCOR ... 48 27.08 +0.75 ... 37.76 17.50 ChipMOSTechs IMOS16.0 5 21.82 –0.032.9194
10,965 10.21 9.80 ArogoCapA AOGO ... dd 10.19 +0.01 ... 22.10 7.14 BlueBird BLBD ... dd 15.25 +2.15 ... 181.34 93.35 ChordEnergy CHRD 3.7 2 134.29 +6.54 2.42
24.24 5.45 ArrayTech ARRY ... dd 23.47 +4.73 ... 14.89 11.01 BlueFoundryBncp BLFY ... dd 12.91 ... ... 249.33 172.75 ChurchillDowns CHDN .3 18 224.40 +6.96 .714
6.78 0.14 Arrival ARVL ... dd .63 +0.43 ... 10.80 9.80 BlueOceanA BOCN ... 20 10.28 ... ... 34.64 18.64 Chuy's CHUY ... 26 32.67 +2.63 ...
36.51 28.50 ArrowFinancial AROW 3.2 12 33.73 +0.13 .27 10.38 9.84 BlueWorldA BWAQ ... ... 10.30 +0.10 ... 75.40 18.00 Cimpress CMPR ... dd 30.47 +4.55 ...
58.96 26.81 ArrowheadPharm ARWR ... dd 36.82 –0.56 ... 8.76 2.87 bluebirdbio BLUE ... dd 7.89 +0.03 ... 143.22 88.66 CincinnatiFin CINF 2.5 dd 108.75 –0.99 .69
10,810 10.28 9.70 ArtemisStratInvt ARTE ... 24 10.24 +0.01 ... 85.67 40.78 BlueprintMed BPMC ... dd 47.85 +0.98 ... 43.15 10.53 CinCorPharma CINC ... dd 28.95 +17.17 ...
20.63 3.27 Arteris AIP ... dd 5.15 +1.12 ... 4.10 1.18 BoltBiotherap BOLT ... dd 1.50 +0.09 ... 470.23 343.86 Cintas CTAS 1.0 37 448.92 +6.98 1.15
61.00 43.84 ArtesianRscs A ARTNA 1.8 30 60.25 –0.04.2784 2715.66 1616.85 BookingHldgs BKNG ... 38 2301.34 +122.09 ... 3.94 0.38 CipherMining CIFR ... dd 1.11 +0.34 ...
81.13 27.01 Arvinas ARVN ... dd 33.50 –0.55 ... 22.69 10.76 BowmanConsult BWMN ... 79 22.37 +1.09 ... 94.37 61.94 CirrusLogic CRUS ... 14 84.89 +6.42 ...
10,655 134.53 61.58 AscendisPharma ASND ... dd 115.03 –11.75 ... 7.98 2.30 BraggGaming BRAG ... dd 4.04 –0.09 ... 61.50 38.60 CiscoSystems CSCO 3.1 18 48.88 +0.56 .38
19.20 8.12 AscentIndustries ACNT ... 4 10.42 +1.34 ... 9.18 1.64 Brainsway BWAY ... dd 2.34 +0.04 ... 61.24 15.48 CitiTrends CTRN ... 4 30.79 +1.49 ...
(Previous Friday Close) 2.58 0.23 AspenGroup ASPU ... dd .33 –0.01 ... 67.48 22.54 Braze BRZE ... dd 30.73 +5.62 ... 16.49 11.35 CtznCmntyBcp CZWI 2.1 7 12.55 +0.48 .26
263.59 173.81 AspenTech AZPN ... ... 200.74 –0.40 ... 12.90 4.98 BridgeBioPharma BBIO ... dd 8.75 +1.36 ... 21.75 11.93 CitizensHolding CIZN 7.0 9 13.74 +0.34 .24
+66.36 +106.98 +189.04 +69.43 +78.05 2.42 0.82 AssemblyBiosci ASMB ... dd 1.54 +0.16 ... 15.50 10.26 BridgfordFoods BRID ... 3 13.60 +0.63 ... 103.00 73.40 CityHolding CHCO 2.8 15 93.87 +1.59 .65
10,500 71.88 31.04 AstecIndustries ASTE 1.3 dd 38.82 +2.09 .13 9.88 5.12 Brightcove BCOV ... dd 5.89 +0.37 ... 29.32 6.86 Clarus CLAR 1.0 14 9.53 +1.09 .025
6.00 0.41 AstraSpace ASTR ... dd .61 +0.16 ... 62.33 38.38 BrighthouseFin BHF ... 5 54.02 +0.84 ... 10.51 9.79 CleanEarthA CLIN ... dd 10.12 +0.05 ...
10 12 2 4 10 12 2 4 10 12 2 4 10 12 2 4 10 12 2 4 72.12 52.65 AstraZeneca AZN 2.0 cc 71.08 +0.28 .465 13.79 3.60 BrilliantEarthA BRLT ... cc 4.55 +0.40 ... 0.49 0.08 CleanEarthRt CLINR ... ... .10 –0.01 ...
16.28 2.36 AstriaTherap ATXS ... dd 14.24 –1.12 ... 12.36 9.91 BroadCapital BRACU ... ... 10.40 –0.02 ... 8.65 4.02 CleanEnerFuels CLNE ... dd 5.81 +0.42 ...
14.87 7.46 Astronics ATRO ... dd 10.99 +0.36 ... 10.60 9.82 BroadCapital BRAC ... dd 10.32 +0.04 ... 134.90 44.15 Clearfield CLFD ... 23 81.80 –14.31 ...
15.98 10.97 AstroNova ALOT ... cc 13.31 +0.31 ... 0.30 0.02 BroadCapitalRt BRACR ... ... .11 –0.02 ... 2.85 0.98 ClearsideBiomed CLSD ... dd 1.57 –0.07 ...
52-Week Tick Div 52-Week Tick Div 16.35 2.83 AtaraBiotherap ATRA ... dd 3.89 +0.39 ... 645.31 415.07 Broadcom AVGO 3.2 22 579.00 –9.43 4.60 10.25 9.43 ClimateRockA CLRC ... ... 10.10 –0.11 ...
High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. 9.79 4.18 AteaPharm AVIR ... 13 4.93 +0.23 ... 17.74 11.59 BrooklineBcp BRKL 3.9 10 13.83 –0.12 .135 39.45 24.65 ClimbGlbl CLMB 1.9 14 36.48 +4.25 .17
54.88 7.52 AkeroTherap AKRO ... dd 50.24 +5.42 ... 1.20 0.12 Athenex ATNX ... dd .19 +0.01 ... 74.94 48.42 Bruker BRKR .3 38 68.51 +1.12 .05 3.90 0.86 CloverHealth CLOV ... dd 1.24 +0.23 ...
A 14.22 2.53 AthiraPharma ATHA ... dd 3.85 +0.40 ... 39.33 15.41 Bumble BMBL ... cc 23.08 +3.59 ... 54.53 35.61 CoastalFinl CCB ... 18 45.86 +0.63 ...
16.57 8.02 Akoya AKYA ... dd 10.78 +0.85 ... 656.11 405.03 CocaColaCon COKE .4 14 494.51 –5.49 3.00
83.00 47.50 AAON AAON .6 62 77.87 +3.68 .24 2.34 0.20 AksoHealth AHG ... ... .41 ... ... 3.79 2.10 AtlanticAmerican AAME .8 21 2.51 +0.07 .02 5.85 1.20 BurgerFiIntl BFI ... dd 1.75 +0.36 ...
28.06 12.24 AcadiaPharm ACAD ... dd 18.40 +1.10 ... 79.07 46.94 Alarm.com ALRM ... 58 52.53 +2.20 ... 10.26 9.87 AtlCoastal II A ACAB ... dd 10.24 ... ... 11.27 1.70 BurningRockBio BNR ... dd 3.38 +0.70 ... 59.76 41.80 Coca-ColaEuro CCEP 3.0 16 56.29 –0.54 1.11
35.30 19.68 ACI Worldwide ACIW ... 20 26.88 –0.40 ... 4.01 0.41 AlaunosTherap TCRT ... dd .80 +0.08 ... 42.67 30.26 AtlUnionBkshs AUB 3.3 14 36.71 +0.17 .30 10.70 9.80 BurTechAcqnA BRKH ... cc 10.22 +0.02 ... 24.21 4.21 Codexis CDXS ... dd 6.28 +0.90 ...
4.93 1.68 AC Immune ACIU ... dd 2.45 +0.29 ... 17.68 6.85 Alector ALEC ... dd 8.72 +0.47 ... 36.85 24.42 AtlanticaSust AY 6.7 dd 26.50 +1.02 .445 29.16 20.19 BusFirstBcshs BFST 2.2 10 21.80 +0.55 .12 9.83 0.30 CodiakBioSci CDAK ... dd .60 +0.08 ...
29.86 5.46 ACM Research ACMR ... 17 10.82 +1.27 ... 12.50 5.64 AlgomaSteel ASTL 3.1 2 6.38 +0.05 .05 72.73 23.15 Atlanticus ATLC ... 4 29.83 +1.25 ... 5.71 0.64 BuzzFeed BZFD ... dd 1.10 +0.28 ... 24.48 18.66 CodorusValleyBncp CVLY 2.7 15 23.85 +0.15 .16
16.98 6.10 ACV Auctions ACVA ... dd 9.13 +0.36 ... 43.65 23.00 Alico ALCO .8 15 25.14 +1.05 .05 102.03 58.70 AtlasAir AAWW ... 8 101.75 +0.42 ... 10.59 9.89 byNordicAcqnA BYNO ... dd 10.23 +0.01 ... 21.42 1.03 CoeptisTherap COEP ... 16 1.83 –0.09 ...
3.98 1.28 ADMA Biologics ADMA ... dd 3.40 –0.23 ... 552.00 172.05 AlignTech ALGN ... 37 239.76 +18.99 ... 13.57 4.71 AtlasTech ATCX ... dd 6.42 +0.62 ... C 18.07 3.79 CogentBio COGT ... dd 13.03 +0.53 ...
25.47 16.30 Adtran ADTN 1.8 dd 19.85 +0.70 .09 19.17 6.14 AlignmentHlthcr ALHC ... dd 12.56 +1.51 ... 352.92 113.86 Atlassian TEAM ... dd 148.00 +26.72 ... 72.21 46.75 CogentComm CCOI 5.5 cc 65.19 +4.32 .915
20.74 14.90 AFC Gamma AFCG13.4 8 16.65 +0.85 .56 3.41 0.84 AligosTherap ALGS ... dd 1.64 +0.33 ... 243.99 2.26 AtlisMotor AMV ... ... 5.91 +3.11 ... 5.23 1.48 Cadiz CDZI ... dd 3.40 +0.32 ... 80.30 40.21 Cognex CGNX .5 44 53.20 +3.33 .07
15.41 7.30 AGNC Invt AGNC12.7 dd 11.30 +0.45 .12 7.92 2.03 AlimeraSciences ALIM ... dd 3.25 +0.42 ... 25.50 11.02 AtourLifestyle ATAT ... cc 25.40 +7.04 ... 63.77 43.10 C&F Fin CFFI 2.9 8 57.95 –1.04 .42 6.47 1.07 CognitionTherap CGTX ... dd 2.22 –0.04 ...
10.54 9.77 AIBAcqnA AIB ... ... 10.27 +0.03 ... 17.47 9.23 AlkamiTech ALKT ... dd 14.92 +0.78 ... 5.36 0.76 Atreca BCEL ... dd 1.63 +0.56 ... 26.80 20.49 CB FinSvcs CBFV 4.3 8 22.13 +0.09 .24 93.47 51.33 CognizantTech CTSH 1.7 14 64.06 +4.31 .27
0.26 0.07 AIBAcqnRt AIBBR ... ... .15 +0.05 ... 32.79 21.75 Alkermes ALKS ... dd 27.31 +0.20 ... 72.31 32.51 AtriCure ATRC ... dd 43.13 –2.59 ... 11.54 7.41 CCC Intelligent CCCS ... dd 8.69 +0.29 ... 13.80 2.31 CognyteSoftware CGNT ... dd 3.78 +0.33 ...
10.69 9.47 ALSPOrchidI A ALOR ... dd 10.29 +0.02 ... 8.73 2.54 Allakos ALLK ... dd 7.92 +0.72 ... 783.80 534.99 Atrion ATRI 1.4 33 632.22 +52.43 2.15 199.77 147.91 CDW CDW 1.2 26 194.85 +11.63 .59 75.05 29.90 Coherent COHR ... cc 41.26 +4.50 ...
20.40 5.82 AlxOncology ALXO ... dd 10.01 –0.94 ... 9.67 0.21 AllarityTherap ALLR ... dd .24 +0.01 ... 33.28 16.79 AudioCodes AUDC 1.9 22 18.60 +0.84 .18 42.25 23.71 CEVA CEVA ... dd 30.51 +4.07 ... 14.11 5.58 CoherusBioSci CHRS ... dd 10.45 +0.87 ...
44.66 14.45 AMC Networks AMCX ... 3 17.58 +0.57 ... 14.24 2.14 Allbirds BIRD ... dd 2.51 +0.13 ... 24.83 9.43 AuraBiosciences AURA ... dd 11.40 +0.90 ... 10.45 9.80 CFAcqnVII A CFFS ... dd 10.19 +0.02 ... 37.66 24.06 Cohu COHU ... 18 35.98 +2.14 ...
60.49 44.06 Amerisafe AMSF 2.4 27 52.70 +0.81 4.00 191.95 62.94 AllegiantTravel ALGT ... dd 79.26 +3.87 ... 10.28 9.83 AuraFatProjectsA AFAR ... ... 10.27 +0.03 ... 27.73 4.84 C4 Therap CCCC ... dd 8.54 +1.82 ... 232.00 31.55 CoinbaseGlbl COIN ... dd 49.98 +16.72 ...
44.60 23.71 A-MarkPrecMet AMRK 2.1 6 38.79 +2.12 .20 34.14 19.20 AllegroMicro ALGM ... 54 33.74 +3.64 ... 20.48 4.07 AuriniaPharm AUPH ... dd 9.11 +1.56 ... 121.23 86.57 CH Robinson CHRW 2.6 11 93.63 +0.32 .61 29.78 14.04 CollegiumPharm COLL ... dd 28.73 +0.08 ...
44.86 22.31 ANI Pham ANIP ... dd 43.95 +0.03 ... 27.63 12.60 AllianceResource ARLP 9.7 7 20.57 +0.35 .50 5.58 0.82 AuroraCannabis ACB ... dd 1.03 +0.15 ... 10.98 9.80 CIIGCapPtrsII CIIG ... dd 10.24 +0.02 ... 158.42 84.16 ColliersIntl CIGI .3 72 99.35 +5.16 .15
354.62 194.23 Ansys ANSS ... 48 254.10 +14.69 ... 65.37 47.19 AlliantEnergy LNT 3.1 21 55.51 +0.16.4275 7.77 1.10 AuroraInnov AUR ... dd 1.39 +0.17 ... 2.48 1.03 CLPS CLPS .0 7 1.55 +0.34 .05 14.77 4.27 Collplant CLGN ... dd 8.09 –0.66 ...
23.58 6.88 AN2 Therap ANTX ... dd 10.66 +0.53 ... 40.44 21.14 AlliedMotionTech AMOT .2 42 40.20 +2.23 .025 1.42 0.60 AuroraMobile JG ... dd .76 +0.01 ... 256.94 166.55 CME Group CME 2.3 24 175.62 +0.53 4.50 19.00 12.52 ColonyBankcorp CBAN 3.3 11 12.87 +0.02.1075
51.95 27.98 APA APA 2.2 4 45.34 +2.45 .25 17.49 5.41 AllogeneTherap ALLO ... dd 7.06 +0.97 ... 10.25 9.54 AuroraTechA ATAK ... 48 10.25 +0.03 ... 28.50 22.98 CNB FinPA CCNE 2.9 7 24.01 +0.31 .175 37.59 26.97 ColumbiaBanking COLB 4.1 10 29.17 –0.35 .30
22.45 15.38 ARKRestaurants ARKR 2.8 7 18.01 +1.31 .125 11.98 2.75 Allot ALLT ... dd 3.44 +0.05 ... 0.25 0.05 AuroraTechRt ATAKR ... ... .10 +0.03 ... 21.50 6.54 CompassPath CMPS ... dd 9.55 +2.23 ... 22.86 18.77 ColumbiaFin CLBK ... 26 22.01 +0.11 ...
9.17 2.80 ARS Pharm SPRY ... dd 7.45 +0.22 ... 10.49 3.17 AlloVir ALVR ... dd 5.86 +0.73 ... 262.49 163.20 Autodesk ADSK ... 71 200.59 +13.40 ... 40.83 10.18 CPI Card PMTS ... 17 35.01 –2.00 ... 101.64 65.02 ColumbiaSportswr COLM 1.3 17 93.03 +0.32 .30
746.60 363.15 ASML ASML .9 44 659.69 +63.841.1393 242.97 117.58 AlnylamPharm ALNY ... dd 235.53 +10.53 ... 5.04 1.60 AutolusTherap AUTL ... dd 2.10 +0.30 ... 125.80 78.35 CRA Intl CRAI 1.2 21 122.97 –0.64 .36 49.60 23.54 ColumbusMcKinn CMCO .8 24 36.32 +1.70 .07
10.48 9.81 A SPAC II ASCB ... ... 10.22 –0.01 ... 69.99 27.38 Alpha&Omega AOSL ... 2 31.39 +1.95 ... 274.92 192.26 ADP ADP 2.0 34 245.36 +5.20 1.25 86.95 38.94 CRISPR Therap CRSP ... dd 49.94 +2.73 ... 52.10 28.39 Comcast A CMCSA 2.8 34 38.93 +1.04 .27
0.13 0.05 A SPAC II Rt ASCBR ... ... .08 +0.01 ... 10.30 9.77 AlphaStarAcqn ALSA ... cc 10.25 –0.05 ... 10.02 1.05 AvadelPharm AVDL ... dd 6.88 +0.03 ... 66.58 52.42 CSG Systems CSGS 1.8 45 58.39 –0.70 .265 72.60 59.81 CommerceBcshrs CBSH 1.4 19 70.06 +0.56.2524
14.27 3.55 AST Space ASTS ... dd 5.19 +0.44 ... 0.33 0.05 AlphaStarRt ALSAR ... ... .13 +0.01 ... 10.50 9.85 AvalonAcqn AVAC ... 25 10.30 +0.01 ... 11.45 6.61 CSP CSPI .0 26 10.50 +0.68 .03 9.11 4.03 CommVehicle CVGI ... 19 7.40 +0.34 ...
2.64 0.88 ATA Creativity AACG ... dd 1.37 –0.04 ... 18.34 3.02 AlphaTeknova TKNO ... dd 5.93 +0.27 ... 6.51 0.67 AveannaHealth AVAH ... dd 1.25 +0.42 ... 144.02 96.03 CSW Industrials CSWI .5 25 131.08 +9.71 .17 13.73 5.56 CommScope COMM ... dd 9.13 +1.50 ...
6.32 1.45 ATAI Life ATAI ... dd 1.80 –0.02 ... 151.55 83.34 Alphabet A GOOGL ... 19 92.12 +4.78 ... 6.43 3.40 AvePoint AVPT ... dd 4.35 +0.23 ... 38.63 25.80 CSX CSX 1.2 17 32.42 +0.22 .10 48.05 39.10 CmntyTrBcp CTBI 3.7 11 46.98 +0.05 .44
50.45 32.07 ATN Intl ATNI 1.8 dd 47.59 +1.02 .21 152.10 83.45 Alphabet C GOOG ... 19 92.80 +4.64 ... 35.18 23.88 AviatNetworks AVNW ... 28 31.92 +1.75 ... 29.25 21.44 CVB Fin CVBF 3.1 17 25.59 +0.43 .20 16.55 13.26 CommWestBcshs CWBC 2.0 10 14.85 +0.05 .075
14.99 3.06 AveoPharma AVEO ... dd 14.98 +0.05 ... 13.65 5.73 Alphatec ATEC ... dd 13.13 +0.55 ... 37.31 20.83 AvidTechnology AVID ... 29 28.95 +1.64 ... 10.87 0.59 CabalettaBio CABA ... dd 10.02 +1.25 ... 70.00 50.26 CommVaultSys CVLT ... 98 55.20 –10.49 ...
2.10 0.56 AVROBIO AVRO ... dd .90 +0.05 ... 10.56 4.82 AlpineImmune ALPN ... dd 8.75 +1.10 ... 23.57 9.83 AvidityBio RNA ... dd 22.65 +2.82 ... 10.70 9.81 CactusAcqn1 A CCTS ... dd 10.29 ... ... 10.07 9.59 CompassDigitalAcqn CDAQ ... 41 10.03 –0.01 ...
9.94 4.17 AXT AXTI ... 13 5.28 +0.44 ... 7.25 4.35 AlpineSummit ALPS 7.0 5 5.20 ....0315 12.93 5.86 AvidXchange AVDX ... dd 10.57 +1.28 ... 194.97 132.32 CadenceDesign CDNS ... 60 169.26 +9.60 ... 9.09 4.26 CompoSecure CMPO ... 3 5.03 +0.13 ...
19.39 12.54 Abcam ABCM ... cc 15.55 –0.37 ... 10.40 9.80 AlsetCapAcqnA ACAX ... cc 10.15 +0.01 ... 327.80 131.83 AvisBudget CAR ... 4 190.90 +24.60 ... 89.80 31.31 CaesarsEnt CZR ... dd 48.37 +4.26 ... 4.06 0.51 Compugen CGEN ... dd 1.06 +0.19 ...
14.97 5.42 AbCelleraBio ABCL ... 13 10.38 +0.87 ... 0.30 0.05 AlsetCapAcqnRt ACAXR ... ... .18 +0.03 ... 50.19 35.45 Avnet AVT 2.6 6 44.10 +1.26 .29 12.82 5.59 Caesarstone CSTE15.4 16 6.49 +0.02 .25 35.50 25.33 ComputerPrograms CPSI ... 23 28.89 +1.52 ...
9.68 1.94 Absci ABSI ... dd 2.88 +0.45 ... 68.85 43.17 AltairEngg ALTR ... dd 49.78 +2.83 ... 3.80 1.32 Aware AWRE ... dd 1.70 –0.05 ... 65.32 38.25 Cal-MaineFoods CALM10.0 6 54.10 –0.85 1.35 10.10 6.42 ComputerTask CTG ... 8 7.55 +0.42 ...
12.59 6.79 AbsoluteSftwr ABST 2.1 dd 11.13 +0.02.0622 10.25 9.76 AltEnergyA AEAE ... 12 10.24 +0.02 ... 100.60 46.41 AxcelisTechs ACLS ... 21 100.51 +12.97 ... 7.62 2.96 CalAmp CAMP ... dd 5.01 +0.30 ... 3.31 1.00 comScore SCOR ... dd 1.40 +0.22 ...
5.30 3.30 AcaciaResearch ACTG ... 49 4.34 +0.39 ... 23.49 3.83 Altimmune ALT ... dd 16.29 +2.00 ... 2.89 0.16 AxcellaHealth AXLA ... dd .47 +0.13 ... 45.50 27.29 CalavoGrowers CVGW 3.6 dd 31.95 +0.51.2875 23.35 8.42 ComtechTel CMTL 3.0 dd 13.48 +1.00 .10
57.85 25.10 AcademySports ASO .5 8 55.68 +3.10 .075 17.67 7.65 AltisourcePortf ASPS ... 4 7.74 –0.37 ... 193.85 82.49 AxonEnterprise AXON ... cc 188.13 +17.23 ... 25.20 18.51 CaliforniaBncp CALB ... 12 23.50 –0.10 ... 208.48 108.57 Concentrix CNXC .7 17 145.14 +8.87 .275
89.85 50.07 AcadiaHealthcare ACHC ... 28 86.00 +2.96 ... 60.44 32.18 AltraIndlMotion AIMC .6 cc 60.11 +0.26 .09 79.92 38.41 Axonics AXNX ... dd 64.88 +5.23 ... 14.87 0.44 CalitheraBiosci CALA ... dd .53 –3.09 ... 7.90 2.57 ConcertPharm CNCE ... dd 7.05 –0.44 ...
22.92 4.61 Accolade ACCD ... dd 9.32 +1.89 ... 14.04 5.20 Alvotech ALVO ... cc 12.60 +1.87 ... 82.00 20.63 AxsomeTherap AXSM ... dd 67.30 –0.69 ... 23.52 10.82 CalliditasTherap CALT ... dd 19.80 +1.83 ... 5.89 3.29 Conduent CNDT ... 10 4.70 +0.35 ...
10.49 9.73 AccretionAcqn ENER ... dd 10.12 +0.02 ... 27.33 15.58 AmalgamFin AMAL 1.7 10 23.20 –0.93 .10 7.44 0.36 AyalaPharm AYLA ... dd .54 +0.08 ... 20.50 8.40 CalumetSpecialty CLMT ... dd 16.89 +0.13 ... 81.11 16.48 Confluent CFLT ... dd 20.41 +2.22 ...
0.29 0.01 AccretionAcqnRt ENERR ... ... .07 ... ... 3.82 1.04 Amarin AMRN ... dd 2.09 +0.65 ... 93.39 37.61 Azenta AZTA ... dd 59.82 –1.36 ... 29.38 12.40 CambiumNtwks CMBM ... 54 22.45 +0.54 ... 2.55 1.28 Conifer CNFR ... dd 1.58 –0.02 ...
4.51 1.70 Accuray ARAY ... dd 2.38 +0.30 ... 170.83 81.43 Amazon.com AMZN ... 90 98.12 +12.04 ... B 52.16 40.35 CamdenNational CAC 4.0 10 42.34 +0.02 .42 5.41 0.56 ConnectBiopharma CNTB ... dd .99 +0.14 ...
10.80 1.76 AcelRxPharm ACRX ... 0 2.59 +0.41 ... 158.07 49.02 Ambarella AMBA ... dd 87.39 +4.27 ... 43.22 20.83 Camtek CAMT ... 17 24.80 +1.51 ... 37.00 22.55 ConnectOneBncp CNOB 2.4 9 25.69 +0.53 .155
10.75 9.83 AchariVenturesI AVHI ... 29 10.24 –0.16 ... 92.80 72.63 Amdocs DOX 1.8 20 89.51 –2.33 .395 20.71 15.55 BCB Bancorp BCBP 3.5 7 18.30 +0.09 .16 6.90 1.87 Canaan CAN ... 1 2.95 +0.67 ... 25.79 5.69 Conn's CONN ... dd 10.12 +1.18 ...
4.45 0.75 AchillesTherap ACHL ... dd 1.18 ... ... 179.91 79.30 Amedisys AMED ... 23 84.90 +2.30 ... 12.69 4.98 BELLUS Health BLU ... dd 8.02 –0.06 ... 47.69 22.15 CanadianSolar CSIQ ... 16 43.00 +6.85 ... 65.68 37.75 ConsensusCloud CCSI ... 14 57.03 +3.25 ...
18.96 9.26 AclarisTherap ACRS ... dd 17.95 +1.40 ... 36.14 24.41 AmerantBncpA AMTB 1.3 9 28.03 +0.80 .09 4.79 3.00 BGC Partners BGCP 1.0 13 4.18 +0.17 .01 6.96 1.40 CandelTherap CADL ... dd 2.08 +0.10 ... 10.50 9.69 Consilium I A CSLM ... cc 10.20 +0.03 ...
2.29 0.26 AcordaTherap ACOR ... dd .84 +0.07 ... 21.42 11.65 AmerAirlines AAL ... dd 17.02 +2.84 ... 35.59 20.15 BJsRestaurants BJRI ... dd 31.34 +3.40 ... 10.78 9.78 Canna-GlobalA CNGL ... cc 10.38 +0.07 ... 0.30 0.02 Consilium I Rt CSLMR ... ... .08 –0.01 ...
10.65 9.97 AcriCapitalA ACAC ... ... 10.31 +0.07 ... 105.60 80.30 AEP AEP 3.5 20 94.84 –1.69 .83 120.20 70.21 BOK Fin BOKF 2.1 15 102.35 –0.49 .54 7.00 1.02 Canoo GOEV ... dd 1.34 +0.25 ... 8.49 3.50 ConsldComm CNSL ... dd 4.50 +0.65 ...
20.70 10.90 AcrivonTherap ACRV ... ... 12.42 +0.82 ... 39.69 31.62 AmNtlBcsh AMNB 3.2 11 37.18 +1.01 .30 33.34 17.08 BRP Group BRP ... dd 31.65 +3.94 ... 9.61 2.09 CanopyGrowth CGC ... dd 2.61 +0.23 ... 20.58 9.01 ConsldWater CWCO 2.3 41 14.69 +0.04 .085
86.90 62.99 ActivisionBliz ATVI .6 36 76.66 –0.93 .47 17.52 7.10 AmOutdoorBrands AOUT ... dd 10.87 +0.11 ... 85.78 57.38 BRP DOOO .6 12 79.46 +1.30 .118 8.53 2.77 Cantaloupe CTLP ... dd 4.82 +0.16 ... 97.89 38.00 ConstellationEner CEG .7 dd 85.16 +1.66 .141
10.97 3.02 AcumenPharm ABOS ... dd 6.24 +1.00 ... 24.02 7.83 AmericanPubEdu APEI ... dd 12.78 –0.62 ... 84.26 30.75 B RileyFin RILY 10.0 dd 40.14 +4.36 1.00 32.92 17.41 CanterburyPark CPHC 1.1 10 26.00 –2.77 .07 32.98 18.89 ConstructionPtrs ROAD ... 67 27.64 +0.97 ...
2.83 0.48 AcutusMedical AFIB ... dd 1.22 –0.12 ... 24.97 13.39 AmerSoftware AMSWA 3.0 47 14.86 +0.12 .11 15.89 3.82 Backblaze BLZE ... dd 7.82 +0.42 ... 27.49 20.94 CapitalBancorp CBNK .9 8 23.43 –0.07 .06 15.47 4.64 ConsumerPtfo CPSS ... 3 9.32 +0.75 ...
8.54 0.90 Adagene ADAG ... ... 1.78 +0.18 ... 10.14 3.20 AmerSupercond AMSC ... dd 4.83 +1.20 ... 171.87 73.58 Baidu BIDU ... 75 138.98 +5.92 ... 36.23 24.43 CapitalCityBank CCBG 2.1 16 32.81 +0.54 .17 2.93 0.44 ContextLogic WISH ... dd .65 +0.14 ...
64.85 40.70 AmericanWoodmark AMWD ... 65 54.02 +2.46 ... 39.78 20.42 BakerHughes BKR 2.4 dd 31.63 +1.67 .19 19.65 12.80 CapitalProduct CPLP 4.2 2 14.20 +0.65 .15 69.28 51.11 Copart CPRT ... 28 62.82 +0.43 ...
3.40 1.01 AdaptimmuneTher ADAP ... dd 1.87 –0.29 ... 156.99 110.15 Balchem BCPC .5 39 130.41 +8.92 .71 26.61 16.28 CapitalSouthwest CSWC10.8 10 18.34 +0.43 .50 8.03 2.65 CorMedix CRMD ... dd 4.43 –0.18 ...
20.48 5.96 AdaptiveBiotech ADPT ... dd 9.94 +1.59 ... 127.05 52.24 AmerCarMart CRMT ... 8 78.40 +5.72 ...
55.50 38.22 AmerisBancorp ABCB 1.2 10 49.32 +1.85 .15 12.57 4.43 BallardPower BLDP ... dd 6.03 +0.91 ... 10.79 9.80 CapitalworksEMA CMCA ... 14 10.31 +0.04 ... 23.98 10.96 CorsairGaming CRSR ... dd 14.89 +0.56 ...
112.89 68.57 AddusHomeCare ADUS ... 38 104.42 +3.07 ... 118.07 72.86 BancFirst BANF 1.8 17 89.80 +4.66 .40 11.76 7.19 CapitolFedFin CFFN 3.9 14 8.71 –0.17 .28 206.98 129.19 Corvel CRVL ... 43 156.43 +12.31 ...
11.85 6.30 Adeia ADEA 1.8 dd 10.92 +0.26 .05 4.52 3.66 AmeriServFin ASRV 3.0 8 3.98 +0.02 .03
296.67 214.39 Amgen AMGN 3.1 22 271.73 –3.47 2.13 68.55 9.20 Bandwidth BAND ... dd 23.58 +1.81 ... 22.17 15.71 CapStarFin CSTR 2.2 10 18.13 +0.04 .10 2.26 0.70 CorvusPharm CRVS ... dd .91 +0.05 ...
21.87 7.42 AdicetBio ACET ... dd 8.69 +0.31 ... 50.64 34.79 BankOZK OZK 3.3 10 41.65 +1.23 .34 13.97 7.40 CaraTherap CARA ... dd 10.85 +0.16 ... 85.37 49.00 CoStar CSGP ... 95 81.05 +3.93 ...
540.46 274.73 Adobe ADBE ... 34 344.38 +11.63 ... 13.12 5.91 AmicusTherap FOLD ... dd 12.83 +1.05 ...
31.36 14.89 AmkorTech AMKR 1.0 9 31.03 +3.64 .075 29.01 21.08 Bank7 BSVN 2.4 9 27.00 +0.44 .16 23.47 12.26 CardiovascularSys CSII ... dd 14.00 –0.33 ... 612.27 406.51 Costco COST .7 37 485.25 +2.38 .90
7.00 2.11 AdvEmissions ADES ... ... 2.57 +0.15 ... 11.27 9.06 BankFinancial BFIN 3.9 14 10.38 –0.04 .10 73.41 3.50 Cardlytics CDLX ... dd 5.02 +0.35 ... 25.03 10.19 Couchbase BASE ... dd 13.63 +0.68 ...
98.07 67.55 AdvEnergyInds AEIS .4 18 93.00 +1.75 .10 44.46 22.07 AmphastarPharm AMPH ... 19 28.96 +0.11 ...
14.77 5.61 AmrytPharma AMYT ... dd 14.72 +7.72 ... 36.87 27.76 BankwellFin BWFG 2.6 6 30.19 +1.56 .20 6.75 2.50 Carecloud CCLD ... dd 3.42 +0.63 ... 10.33 9.91 CounterPressA CPAQ ... dd 10.28 +0.01 ...
137.00 54.57 AdvMicroDevices AMD ... 43 71.00 +7.04 ... 75.72 52.35 Banner BANR 2.7 12 64.48 +0.83 .44 46.88 10.50 CareDx CDNA ... dd 14.24 +3.00 ... 143.11 40.30 CoupaSoftware COUP ... dd 79.42 +0.25 ...
8.18 1.78 AdvantageSolns ADV ... 11 2.37 +0.23 ... 13.45 6.66 AmtechSystems ASYS ... 8 9.61 +1.01 ...
39.78 6.51 AmylyxPharm AMLX ... dd 37.49 +0.50 ... 14.27 3.41 Baozun BZUN ... dd 8.12 +1.99 ... 9.23 2.77 CareMax CMAX ... dd 4.51 +0.94 ... 40.37 17.23 CovenantLogist CVLG .8 5 36.44 +2.64 .08
1.82 0.53 AdverumBiotech ADVM ... dd .68 +0.04 ... 100.79 57.76 BarrettBus BBSI 1.2 15 97.53 +3.23 .30 50.03 9.14 CarGurus CARG ... dd 16.27 +1.25 ... 38.88 21.36 Cowen COWN 1.2 10 38.78 +0.08 .12
4.79 0.34 AegleaBioTherap AGLE ... dd .53 +0.03 ... 5.31 1.25 Amyris AMRS ... dd 1.60 +0.17 ...
180.01 133.48 AnalogDevices ADI 1.8 32 168.98 +3.46 .76 24.12 13.16 BassettFurniture BSET 3.3 14 18.56 +1.21 .16 13.19 4.89 CaribouBio CRBU ... dd 7.22 +0.34 ... 136.00 81.87 CrackerBarrel CBRL 5.0 21 104.74 +6.28 1.30
16.06 3.62 Aemetis AMTX ... dd 4.39 +0.52 ... 23.54 17.52 BayCom BCML 1.0 10 19.61 +0.62 .05 54.06 24.59 Carlyle CG 3.9 7 33.53 +2.52 .325 8.32 4.79 CreativeMedia CMCT 6.1 dd 5.60 +0.57 .085
30.79 7.74 AerovateTherap AVTE ... dd 25.05 –0.59 ... 34.33 18.20 AnaptysBio ANAB ... dd 26.38 +3.15 ...
15.24 7.13 AnavexLifeSci AVXL ... dd 10.58 +0.58 ... 65.30 45.71 BeaconRoof BECN ... 9 54.73 +1.62 ... 15.40 11.23 CarlyleSecured CGBD 9.6 8 14.98 +0.46 .08 648.95 358.00 CreditAcceptance CACC ... 9 410.90 +8.62 ...
114.11 52.03 AeroVironment AVAV ... dd 88.31 +2.20 ... 80.00 27.77 BeamTherap BEAM ... dd 43.24 +2.86 ... 10.40 3.92 CarParts.com PRTS ... dd 7.03 +0.52 ... 18.00 8.61 CredoTech CRDO ... dd 14.74 +2.07 ...
10.60 9.98 AestherHlthcrA AEHA ... dd 10.46 +0.02 ... 59.00 29.35 Andersons ANDE 2.1 8 36.04 +1.51 .185
33.13 1.47 Anghami ANGH ... ... 2.05 +0.14 ... 2.08 0.90 BeasleyBroadcast BBGI ... dd 1.02 +0.06 ... 3.01 1.28 CarrolsRestr TAST ... dd 2.04 +0.51 ... 18.64 12.55 CrescentCapBDC CCAP 11.5 17 14.23 +0.90 .41
3.80 1.04 AestheticMed AIH ... ... 1.57 +0.21 ... 30.06 1.27 BedBath BBBY ... dd 3.66 +2.35 ... 18.84 12.58 CarterBkshrs CARE ... 10 16.52 +0.18 ... 10.31 9.79 CresceraCapA CREC ... cc 10.31 +0.05 ...
10.24 9.72 AetheriumAcqnA GMFI ... dd 10.24 +0.03 ... 9.04 1.81 Angi ANGI ... dd 2.73 +0.22 ...
24.87 11.71 AngioDynamics ANGO ... dd 13.78 –1.39 ... 279.12 118.18 BeiGene BGNE ... dd 270.66 +25.44 ... 11.20 9.90 CartesianGrwIIA RENE ... 56 10.30 +0.04 ... 9.80 4.18 Cresud CRESY ... 2 6.89 –0.08 ...
5.10 1.03 Affimed AFMD ... dd 1.14 –0.06 ... 38.00 14.35 BelFuse A BELFA .7 10 33.35 +2.76 .06 10.39 9.80 CarticaAcqnA CITE ... 34 10.35 –0.02 ... 22.55 5.88 Cricut CRCT .0 34 9.54 +0.05 .35
83.57 8.62 AffirmHldgs AFRM ... dd 12.88 +3.82 ... 2.94 0.74 AngionBiomed ANGN ... dd 1.02 +0.12 ...
34.45 19.95 AnikaTherap ANIK ... dd 31.00 +0.90 ... 38.49 11.58 BelFuse B BELFB .8 9 34.99 +2.74 .07 7.18 2.35 CasaSystems CASA ... dd 3.33 +0.06 ... 27.86 15.37 CrineticsPharm CRNX ... dd 18.04 +0.33 ...
17.02 8.73 Afya AFYA ... 20 14.54 +0.15 ... 13.06 5.69 Benefitfocus BNFT ... dd 10.49 +0.01 ... 10.07 9.63 CascadiaAcqnA CCAI ... 24 10.06 +0.03 ... 36.94 20.56 Criteo CRTO ... 28 28.32 +1.73 ...
84.13 31.49 Agilysys AGYS ... cc 83.84 +7.48 ... 8.62 2.06 Annexon ANNX ... dd 6.84 +2.06 ...
10.31 9.80 AnthemisDigA ADAL ... cc 10.31 +0.02 ... 45.70 26.32 BentleySystems BSY .3 65 37.98 +2.57 .03 92.75 63.90 CasellaWaste CWST ... 75 77.77 –1.54 ... 10.45 9.74 CrixusBH3 A BHAC ... 15 10.10 –0.14 ...
34.76 16.75 AgiosPharm AGIO ... dd 29.77 +0.46 ... 10.50 1.83 BerkeleyLights BLI ... dd 2.48 –0.05 ... 249.90 170.82 CaseysGenStores CASY .7 20 224.77 +1.81 .38 127.66 46.08 Crocs CROX ... 14 125.82 +14.71 ...
14.20 2.50 Agora API ... dd 4.79 +0.30 ... 70.00 33.32 ApellisPharm APLS ... dd 52.56 +5.97 ...
2.98 1.46 AgroFresh AGFS ... dd 2.96 +0.01 ... 50.23 35.96 ApogeeEnt APOG 2.1 15 46.32 +0.99 .24 4.17 0.51 BerkshireGrey BGRY ... dd 1.15 +0.31 ... 49.51 31.85 CassInfoSys CASS 2.4 20 48.77 +0.63 .29 4.31 2.43 Cronos CRON ... dd 2.54 ... ...
10.30 3.49 ApolloEnd APEN ... dd 9.88 –0.01 ... 0.90 0.04 BerkshireGreyWt BGRYW ... ... .15 +0.07 ... 48.40 15.58 CastleBiosci CSTL ... dd 27.21 +4.41 ... 40.12 15.26 CrossCtyHlthcr CCRN ... 5 28.00 –0.67 ...
10.26 9.76 AhrenAcqnA AHRN ... 44 10.26 +0.03 ... 127.74 79.92 AppFolio APPF ... dd 119.59 +8.27 ... 12.85 6.78 Berry(bry) BRY 2.8 4 8.66 +0.78 .41 48.88 37.37 CathayGenBncp CATY 3.1 10 43.24 +1.53 .34 16.50 11.79 CrossFirstBkshs CFB ... 9 12.44 +0.05 ...
29.53 14.01 AirT AIRT ... cc 25.51 +1.23 ... 7.05 0.47 AppHarvest APPH ... dd 1.87 +1.03 ... 70.91 11.03 BeyondMeat BYND ... dd 15.93 +2.14 ... 305.21 179.47 CavcoIndustries CVCO ... 9 261.94 +27.07 ... 242.00 92.25 CrowdStrike CRWD ... dd 99.53 +4.81 ...
34.54 23.32 AirTransportSvcs ATSG ... 12 27.46 +1.23 ... 66.91 29.80 Appian APPN ... dd 35.45 +3.81 ... 51.93 12.08 BicycleTherap BCYC ... dd 27.83 –3.54 ... 14.63 4.09 CECO Env CECO ... 49 14.34 +2.14 ... 11.90 1.63 CueHealth HLTH ... dd 2.14 +0.20 ...
191.73 81.91 Airbnb ABNB ... 42 100.37 +11.85 ... 179.61 124.17 Apple AAPL .7 22 134.76 +5.14 .23 20.56 8.36 Big5SportingGds BGFV 9.8 5 10.20 +1.01 .25 8.31 3.80 CellebriteDI CLBT ... 5 4.39 –0.06 ... 15.89 7.30 CullinanOncology CGEM ... 5 10.98 +0.11 ...
15.59 2.69 AirSculptTech AIRS .0 dd 4.98 +0.86 .41 27.12 0.85 AppliedDigital APLD ... dd 2.14 +0.28 ... 34.00 7.75 BigCommerce BIGC ... dd 10.21 +1.88 ... 7.35 1.83 Cellectis CLLS ... dd 3.84 +1.01 ... 4.04 1.89 CumberlandPharm CPIX ... dd 2.75 +0.32 ...
123.25 76.28 AkamaiTech AKAM ... 28 88.70 +2.85 ... 167.06 71.12 ApplMaterials AMAT .9 15 109.97 +5.70 .26 41.74 8.23 Bilibili BILI ... dd 27.97 –0.68 ... 3.99 0.46 CelyadOncology CYAD ... dd .80 +0.21 ... 15.67 6.07 CumulusMedia CMLS ... 4 6.75 –0.04 ...
11.45 0.33 AppliedMolecular AMTI ... dd .62 +0.17 ... 113.81 68.00 Bio-Techne TECH .4 45 80.85 –1.67 .08 11.19 2.89 CentessaPharm CNTA ... dd 3.70 +0.36 ... 26.27 5.63 CureVac CVAC ... dd 10.24 +1.98 ...
4.56 1.48 AppliedOptoelec AAOI ... dd 2.43 +0.57 ... 13.08 2.01 BioAtla BCAB ... dd 3.46 –4.77 ... 5.18 0.68 Centogene CNTG ... dd 1.03 +0.12 ... 3.76 0.47 Curis CRIS ... dd .73 +0.07 ...
Nasdaq Issues includes stocks traded on the Nasdaq 3.97 0.50 AppliedTherap APLT ... dd .94 +0.04 ... 16.00 9.27 BioceresCrop BIOX ... dd 12.62 +0.21 ... 49.09 35.61 CentralGarden CENT ... 14 40.32 +2.76 ... 74.38 26.52 Cutera CUTR ... dd 32.44 –8.01 ...
Global Select and Nasdaq Global Market tiers. They are 79.80 9.14 Applovin APP ... dd 10.81 +1.09 ... 19.99 7.61 BioCryst BCRX ... dd 10.16 –1.66 ... 45.14 33.69 CentralGardenA CENTA ... 14 38.34 +2.57 ... 9.45 3.30 Cvent CVT ... dd 5.74 +0.53 ...
eligible for inclusion on the basis of SEC-approved 13.40 1.10 Appreciate SFR ... dd 1.59 +0.06 ... 4.93 0.96 Biodesix BDSX ... dd 2.50 +0.32 ... 30.36 5.27 CenturyAluminum CENX ... 6 10.01 +0.69 ... 19.94 4.60 CVRx CVRX ... dd 15.87 –0.60 ...
market value of publicly-held shares, trading volume, 2.65 0.30 ApreaTherap APRE ... dd .49 +0.03 ... 311.88 187.16 Biogen BIIB ... 15 288.04 +8.79 ... 15.38 4.44 CenturyTherap IPSC ... dd 4.89 –0.03 ... 180.01 100.35 CyberArkSoftware CYBR ... dd 119.92 +3.05 ...
price and number of market-makers. 2.35 0.40 Aptorum APM ... dd .54 –0.01 ... 114.80 70.73 BioMarinPharm BMRN ... cc 112.72 +4.01 ... 2.87 1.53 Ceragon CRNT ... dd 2.13 +0.08 ... 6.59 1.67 CymaBayTherap CBAY ... dd 6.51 +0.60 ...
January 16, 2023 BARRON’S 51

D ATA NASDAQ ISSUES B A R R ON S .C OM / D ATA

52-Week Tick Div 52-Week Tick Div 52-Week Tick Div 52-Week Tick Div 52-Week Tick Div
High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt.
7.31 1.13 CyteirTherap CYT ... dd 1.75 +0.22 ... 172.36 67.01 Etsy ETSY ... dd 134.67 +14.08 ... 10.50 9.95 FutureTechIIA FTII ... cc 10.31 +0.04 ... 26.62 18.51 HealthStream HSTM ... 81 24.37 +0.30 ... 7.00 4.29 Intevac IVAC ... dd 6.85 +0.20 ...
16.05 7.38 CytekBiosci CTKB ... dd 10.99 +0.15 ... 149.92 71.60 EuronetWorldwide EEFT ... 25 105.01 +6.88 ... G 17.32 12.78 HeartlandExp HTLD .5 9 16.49 +0.64 .02 66.00 38.51 Intra-Cellular ITCI ... dd 48.03 –4.03 ...
55.80 29.26 Cytokinetics CYTK ... dd 42.46 –0.69 ... 33.31 12.02 EuropeanWax EWCZ .0 74 16.62 +3.07 3.30 53.98 39.27 HeartlandFinUSA HTLF 2.4 10 47.11 +0.27 .28 579.96 339.36 Intuit INTU .8 60 393.21 +6.69 .78
4.73 1.17 CytomXTherap CTMX ... dd 2.86 +0.34 ... 5.70 1.15 EveloBiosci EVLO ... dd 1.38 –0.02 ... 10.86 6.26 GCM Grosvenor GCMG 5.0 17 8.20 +0.37 .11 45.36 22.79 Heidrick&Strug HSII 2.0 8 29.29 +1.71 .15 311.51 180.07 IntuitiveSurgical ISRG ... 69 258.90 –11.49 ...
15.42 1.53 CyxteraTech CYXT ... dd 2.35 +0.38 ... 57.07 24.10 Everbridge EVBG ... dd 28.67 +1.73 ... 48.40 8.41 GDS Holdings GDS ... dd 24.80 +0.35 ... 235.09 82.94 HelenofTroy HELE ... 18 112.15 +1.11 ... 13.66 3.49 Inventiva IVA ... dd 6.05 +1.20 ...
D 14.22 5.87 EverCommerce EVCM ... dd 8.74 +1.04 ... 66.52 53.00 GE HealthCare GEHC ... ... 65.44 +6.49 ... 10.95 4.10 HelloGroup MOMO .0 dd 10.65 +0.83 .62 23.72 18.07 Investar ISTR 1.8 7 21.55 –0.20 .095
10.74 9.97 Evergreen EVGRU ... ... 10.32 +0.07 ... 20.34 8.46 GH Research GHRS ... dd 9.60 –0.48 ... 11.37 8.11 HennessyAdvsrs HNNA 5.9 11 9.35 +0.97.1375 5.72 3.24 InvestcpCredit ICMB13.9 56 3.73 –0.06 .02
3.43 1.08 DBV Tech DBVT ... dd 1.56 +0.02 ... 10.32 9.93 EvergreenA EVGR ... cc 10.31 +0.04 ... 31.70 11.60 G-IIIApparel GIII ... 4 15.58 +0.86 ... 10.45 9.56 HennessyCapVI HCVI ... 30 9.94 ... ... 11.39 9.85 InvestcorpEur I A IVCB ... ... 10.35 +0.02 ...
45.99 12.64 DiceTherap DICE ... dd 29.46 –1.48 ... 73.13 54.12 Evergy EVRG 3.9 18 62.89 –1.89.6125 17.49 3.84 G1Therapeutics GTHX ... dd 6.32 +1.13 ... 92.68 64.75 HenrySchein HSIC ... 17 80.37 –1.24 ... 10.39 9.95 InvestcorpIndiaA IVCA ... 94 10.34 –0.03 ...
2.25 0.20 DIRTT Envl DRTT ... dd .65 –0.05 ... 17.59 5.23 EverQuote EVER ... dd 16.64 +1.16 ... 67.81 36.08 GRAVITY GRVY ... 8 45.05 +2.72 ... 14.87 10.42 HeritageCommerce HTBK 3.9 14 13.25 +0.18 .13 211.65 125.80 InvestorsTitle ITIC 1.2 9 159.76 +4.06 3.00
36.51 12.55 DISH Network DISH ... 5 14.49 –1.15 ... 11.51 4.71 EverspinTech MRAM ... 14 6.52 +0.76 ... 4.90 1.57 GSI Tech GSIT ... dd 2.03 +0.11 ... 36.14 24.00 HeritageCrystal HCCI ... 11 35.07 +1.88 ... 12.11 1.42 Invivyd IVVD ... dd 2.22 +0.56 ...
47.01 13.95 DMC Global BOOM ... dd 21.81 +2.80 ... 14.23 3.64 EVgo EVGO ... dd 5.86 +1.97 ... 10.65 9.78 GSRIIMeteoraA GSRM ... dd 10.18 +0.05 ... 34.34 23.31 HeritageFin HFWA 2.8 14 30.04 +0.32 .21 48.82 28.25 IonisPharma IONS ... dd 39.85 –0.67 ...
2.81 0.59 D-MarketElec HEPS ... dd .96 +0.18 ... 1.62 0.60 Evogene EVGN ... dd .75 ... ... 2.95 0.35 GSRIIMeteoraRt GSRMR ... ... 1.09 +0.09 ... 24.40 14.49 HertzGlobal HTZ ... 9 16.89 +0.98 ... 18.73 5.42 IovanceBiotherap IOVA ... dd 6.35 –0.01 ...
10.30 9.83 DPCapAcqnIA DPCS ... cc 10.30 +0.02 ... 14.34 5.06 Evolus EOLS ... dd 8.65 +0.84 ... 8.16 2.05 Gaia GAIA ... cc 3.80 +1.05 ... 75.38 39.58 Hibbett HIBB 1.4 9 72.77 +0.96 .25 7.10 1.65 iQIYI IQ ... dd 6.69 +0.85 ...
10.65 9.78 DuetAcqnA DUET ... dd 10.19 +0.04 ... 21.55 7.80 Evotec EVO ... dd 9.65 +1.13 ... 6.70 2.33 GainTherap GANX ... dd 3.88 +0.64 ... 38.21 16.04 HighPeakEner HPK .4 14 24.00 +0.60 .025 169.54 85.74 iRhythmTechs IRTC ... dd 101.79 +15.90 ...
34.74 22.09 DXP Ents DXPE ... 14 30.23 +1.53 ... 10.64 2.10 Exagen XGN ... dd 2.89 +0.41 ... 72.11 37.24 Galapagos GLPG ... cc 46.69 +2.67 ... 24.42 7.90 HilleVax HLVX ... dd 15.25 +0.12 ... 5.88 1.96 Iridex IRIX ... dd 2.21 +0.02 ...
14.63 2.98 DadaNexus DADA ... dd 14.00 +2.09 ... 10.70 9.75 ExcelFinAcqnA XFIN ... dd 10.25 +0.03 ... 2.80 1.04 Galecto GLTO ... dd 2.16 +0.39 ... 12.45 6.60 HillmanSolns HLMN ... cc 8.79 +0.92 ... 62.48 31.73 IridiumComm IRDM .8 cc 61.64 +1.65 .13
5.18 1.46 Daktronics DAKT ... dd 3.21 +0.30 ... 23.40 14.87 Exelixis EXEL ... 17 16.43 –0.84 ... 3.44 1.12 GaleraTherap GRTX ... dd 2.35 +0.69 ... 13.22 4.81 HimaxTechs HIMX17.2 4 7.20 +0.36 1.25 17.97 1.02 IrisEnergy IREN ... ... 1.83 +0.55 ...
8.49 3.73 DallasNews DALN14.6 dd 4.38 +0.08 .16 50.71 35.19 Exelon EXC 3.1 20 43.38 –0.29.3375 12.96 6.62 Gambling.com GAMB ... 43 9.00 –0.09 ... 410.09 242.99 HinghamSvg HIFS .8 15 295.97 +10.58 .63 73.77 35.41 iRobot IRBT ... dd 47.98 –0.19 ...
184.70 61.34 Datadog DDOG ... dd 70.47 +6.33 ... 191.18 112.14 ExlService EXLS ... 42 174.06 +4.55 ... 12.73 9.80 Games&EsportsA GEEX ... 16 10.35 +0.01 ... 20.43 11.69 HollysysAuto HOLI .0 13 18.89 +1.24 .32 12.95 9.73 IronwoodPharm IRWD ... 12 11.59 –0.97 ...
52.54 29.60 Dave&Buster's PLAY ... 17 42.98 +4.38 ... 30.45 9.96 eXpWorld EXPI 1.3 55 13.41 +2.30 .045 4.72 1.10 GamidaCell GMDA ... dd 1.59 +0.18 ... 81.97 59.78 Hologic HOLX ... 16 79.95 +2.12 ... 8.39 0.60 IsoPlexis ISO ... dd 1.48 –0.07 ...
491.07 7.54 Dave DAVE ... dd 9.02 +0.86 ... 217.72 82.39 Expedia EXPE ... 39 106.09 +11.98 ... 53.91 41.81 Gaming&Leisure GLPI 5.3 22 53.08 +2.52 .705 45.20 33.16 HomeBancorp HBCP 2.4 10 40.50 +0.32 .24 39.94 16.21 iTeosTherap ITOS ... 3 19.07 +0.85 ...
3.60 0.65 DAVIDsTEA DTEA ... dd .99 +0.17 ... 123.79 86.08 ExpeditorsIntl EXPD 1.2 11 108.92 +0.74 .67 10.60 9.77 GardinerHlthcr GDNR ... cc 10.39 +0.10 ... 10.30 9.65 HomePlateAcqn HPLT ... 19 10.09 +0.04 ... 63.79 39.38 Itron ITRI ... dd 58.37 +5.08 ...
2.69 1.08 DawsonGeophys DWSN ... dd 1.64 –0.26 ... 31.54 7.98 Expensify EXFY ... dd 9.01 +0.86 ... 8.43 5.57 GarrettMotion GTX ... 4 7.91 +0.31 ... 5.01 0.99 HomePtCap HMPT 9.3 dd 1.72 +0.06 .04 27.52 19.73 IturanLocation ITRN 2.5 12 22.33 +0.92 .14
28.35 5.44 DayOneBiopharm DAWN ... dd 22.83 +1.49 ... 112.06 80.97 Exponent EXPO .9 53 101.45 +1.69 .24 30.92 20.12 GenDigital GEN 2.2 23 22.37 +0.87 .125 57.40 22.44 HomeStreet HMST 4.9 6 28.42 +0.54 .35 J
5.78 1.61 DecibelTherap DBTX ... dd 2.51 –0.03 ... 24.74 4.09 Exscientia EXAI ... dd 7.05 +0.98 ... 4.11 0.22 GeneDx WGS ... dd .47 +0.22 ... 32.60 21.55 HomeTrustBcshs HTBI 1.6 11 24.51 +0.52 .10
22.76 6.51 DecipheraPharm DCPH ... dd 21.50 –0.11 ... 21.03 8.49 ExtremeNetworks EXTR ... 58 19.18 +0.16 ... 9.59 3.55 GenerationBio GBIO ... dd 5.10 +0.03 ... 4.26 1.04 HomologyMed FIXX ... dd 1.64 +0.06 ... 27.87 7.50 JakksPacific JAKK ... 4 20.68 +0.98 ...
11.00 9.84 DeepMedicineAcqn DMAQ ... dd 10.28 –0.34 ... 14.41 2.19 EyePointPharm EYPT ... dd 5.04 +1.78 ... 10.83 9.86 GenesisGrowthA GGAA ... dd 10.38 +0.01 ... 6.92 2.54 Honest HNST ... dd 3.04 +0.10 ... 165.90 117.45 J&JSnackFoods JJSF 1.8 63 154.49 +1.85 .70
0.29 0.02 DeepMedicineAcqnRt DMAQR ... ... .08 +0.01 ... 10.68 5.51 Ezcorp EZPW ... 14 8.73 –0.17 ... 10.81 9.97 GenesisUnicorn GENQU ... ... 10.32 +0.11 ... 220.96 166.63 Honeywell HON 1.9 28 216.61 +6.34 1.03 81.24 33.17 JD.com JD .0 cc 63.60 –0.70 1.26
30.11 9.53 DefinitiveHlthcr DH ... dd 12.40 +1.99 ... 10.26 9.88 GenesisUnicornA GENQ ... dd 10.26 +0.07 ... 23.30 12.90 HookerFurnishings HOFT 4.3 26 20.40 +1.05 .22 13.55 2.46 Joann JOAN11.4 dd 3.87 +0.29 .11
10.60 9.82 DenaliCapAcqnA DECA ... ... 10.32 +0.04 ... F 4.96 0.73 Genetron GTH ... dd 1.18 +0.07 ... 53.55 21.38 Joyy YY 5.2 6 38.96 +1.01 .51
17.68 12.27 HopeBancorp HOPE 4.3 7 13.00 –0.16 .14
39.43 20.24 DenaliTherap DNLI ... dd 29.09 +0.20 ... 62.39 25.20 FARO Tech FARO ... dd 34.67 +3.30 ... 5.05 3.02 Genfit GNFT ... 4 4.13 –0.19 ... 23.80 14.50 HorizonBancorp HBNC 4.1 7 15.71 +0.08 .16 212.62 155.44 JackHenry JKHY 1.1 36 181.76 +3.46 .49
58.70 26.48 DentsplySirona XRAY 1.4 dd 36.55 +3.12 .125 236.69 133.68 F5 FFIV ... 28 146.57 +4.93 ... 47.50 26.19 Genmab GMAB ... 33 40.16 –2.73 ... 16.49 9.67 HorizonTechFin HRZN10.6 15 12.40 +0.42 .11 96.87 54.80 JackintheBox JACK 2.3 14 75.94 +5.86 .44
79.08 56.19 Descartes DSGX ... 67 71.21 +1.36 ... 4.03 1.31 FGFinancial FGF ... dd 2.88 –0.02 ... 35.65 23.28 Gentex GNTX 1.7 22 28.78 +0.02 .12 117.49 57.84 HorizonTherap HZNP ... 47 113.24 +0.24 ... 0.28 ... JaguarGlbGrwI Rt JGGCR ... ... .07 +0.01 ...
26.30 6.94 DesignTherap DSGN ... dd 9.00 –0.38 ... 10.50 9.89 FG Merger FGMC ... ... 10.26 +0.04 ... 99.00 49.45 Gentherm THRM ... 50 71.99 +2.17 ... 21.63 15.10 HostHotels HST 2.8 15 17.01 +0.84 .20 12.38 9.97 JaguarGlblGrowthI JGGCU ... ... 10.37 +0.02 ...
7.24 3.27 DestinationXL DXLG ... 5 6.99 +0.25 ... 4.06 0.60 FLJ FLJ ... dd 2.82 –0.05 ... 8.88 3.76 GeospaceTech GEOS ... dd 4.56 +0.34 ... 89.62 60.81 HubGroup HUBG ... 8 81.78 +3.31 ... 11.09 9.82 JaguarGlbGrwI A JGGC ... 60 10.27 +0.03 ...
4.00 3.00 Deswell DSWL 6.3 14 3.15 +0.01 .10 63.52 53.08 FRP Holdings FRPH ... cc 55.80 –0.46 ... 41.75 32.76 GermanAmBncp GABC 2.4 14 37.99 +0.46 .23 11.70 10.01 HudsonAcqnI HUDA ... dd 10.10 +0.07 ... 29.53 19.76 JamesRiver JRVR .9 dd 21.50 +0.23 .05
134.76 66.89 DexCom DXCM ... cc 108.47 –7.35 ... 10.12 9.55 FTACEmeraldA EMLD ... dd 10.11 +0.04 ... 3.84 0.99 Geron GERN ... dd 3.16 +0.66 ... 1.35 0.14 HudsonAcqnIRt HUDAR ... ... .22 –0.08 ... 36.69 17.16 JamfHolding JAMF ... dd 19.71 +1.71 ...
213.50 160.00 DiamondHillInvt DHIL 3.2 13 186.50 +2.60 4.00 10.56 9.72 FTACZeusAcqnA ZING ... dd 10.11 +0.02 ... 10.45 9.70 GesherIAcqnA GIAC ... dd 10.24 +0.06 ... 44.00 20.51 HudsonGlobal HSON ... 9 25.41 +1.89 ... 21.70 9.39 JanuxTherap JANX ... dd 20.57 +8.01 ...
168.95 103.71 DiamondbkEner FANG 1.9 6 145.24 +7.10 1.51 25.22 14.29 FTAI Aviation FTAI 5.4 dd 22.05 +2.07 .33 2.32 1.17 GetnetAdquirencia GET 7.3 ... 1.68 +0.05.1238 1.60 0.45 HuizeHolding HUIZ ... dd 1.39 +0.16 ... 169.98 125.36 JazzPharm JAZZ ... dd 156.47 –2.32 ...
43.68 18.54 DigiIntl DGII ... 69 36.92 +1.79 ... 4.25 2.22 FTAI Infra FIP 3.5 dd 3.43 +0.49 .03 62.90 36.58 GibraltarInds ROCK ... 19 51.48 +4.13 ... 8.04 1.96 Humacyte HUMA ... 8 2.50 +0.25 ... 16.39 6.18 JetBlue JBLU ... dd 8.24 +0.96 ...
39.00 12.45 Digimarc DMRC ... dd 20.81 +2.65 ... 6.83 1.78 FTC Solar FTCI ... dd 2.52 –0.12 ... 62.00 4.14 GigaCloudTech GCT ... 43 6.30 –0.05 ... 218.18 153.92 JBHunt JBHT .9 18 176.80 +0.76 .40 28.18 16.36 JFrog FROG ... dd 22.25 +1.27 ...
11.00 9.88 DigitalHealth DHAC ... dd 10.80 +0.15 ... 8.63 0.60 FangddNetwork DUO ... dd .86 +0.04 ... 9.11 4.97 GilatSatellite GILT ... cc 6.15 –0.01 ... 17.79 11.67 HuntingtonBcshs HBAN 4.3 11 14.58 –0.02 .155 186.01 0.69 JianzhiEduc JZ ... ... 2.22 +0.91 ...
101.87 14.80 DigitalWorldA DWAC ... dd 18.03 +2.11 ... 8.79 4.31 Fanhua FANH 2.0 67 7.24 +0.11.1453 89.74 57.17 GileadSciences GILD 3.4 33 86.27 –1.81 .73 35.15 21.75 Hurco HURC 2.2 22 27.50 +0.69 .15 3.79 1.57 Jiayin JFIN ... 2 3.33 +0.52 ...
38.20 28.36 DimeCommBcshs DCOM 2.9 9 33.25 +0.71 .24 7.85 0.25 FaradayFuture FFIE ... dd .50 +0.18 ... 80.84 30.74 GitLab GTLB ... dd 44.97 +6.24 ... 80.72 42.66 HuronConsulting HURN ... 17 72.59 +2.80 ... 91.37 46.30 JohnsonOutdoors JOUT 1.8 16 68.74 +0.89 .31
99.25 58.52 Diodes DIOD ... 13 87.35 +7.77 ... 7.83 4.33 FarmerBros FARM ... dd 5.05 +0.31 ... 12.78 8.21 GladstoneCap GLAD 8.9 18 10.15 +0.42 .075 8.34 0.78 Hut8Mining HUT ... dd 1.58 +0.67 ... 8.80 0.58 JounceTherap JNCE ... dd 1.23 +0.09 ...
21.80 11.60 DiscMedicine IRON ... dd 19.25 +0.27 ... 61.15 43.73 Fastenal FAST 2.5 26 48.82 +1.21 .31 24.87 15.02 GladstoneComm GOOD 7.2 dd 16.60 –2.27 .10 23.61 1.18 Hydrofarm HYFM ... dd 1.69 +0.43 ... 10.45 9.82 JupiterWellnessA JWAC ... dd 10.29 –0.16 ...
55.96 25.66 DistributionSoln DSGR ... 27 39.35 +1.57 ... 10.40 9.77 FatProjectsAcqn FATP ... dd 10.20 +0.02 ... 16.85 11.40 GladstoneInvt GAIN 7.0 11 13.74 +0.78 .08 6.32 0.68 Hyperfine HYPR ... dd .86 +0.01 ... 0.31 0.06 JupiterWellnessRt JWACR ... ... .09 +0.03 ...
13.03 3.95 Diversey DSEY ... dd 5.20 +0.60 ... 44.00 4.02 FateTherap FATE ... dd 5.40 +1.16 ... 42.10 17.28 GladstoneLand LAND 2.8 dd 19.92 +1.03.0459 7.90 4.93 Hywin HYW ... 5 6.16 +0.08 ... K
3.35 0.61 DiversifiedHlthcr DHC 5.4 0 .74 –0.02 .01 10.75 9.91 FeutuneLightA FLFV ... ... 10.26 +0.04 ... 10.15 9.75 GlblBlockchain GBBK ... cc 10.13 +0.03 ... 6.57 1.37 HyzonMotors HYZN ... dd 1.97 +0.40 ...
5.58 0.75 DixieGroup DXYN ... dd .91 +0.09 ... 0.20 0.05 FeutuneLightRt FLFVR ... ... .14 +0.06 ... 0.11 0.04 GlbBlockchainRt GBBKR ... ... .07 +0.03 ... 445.52 250.20 KLA KLAC 1.2 19 420.04 +22.45 1.30
36.88 9.03 dLocal DLO ... 55 16.28 +0.56 ... 21.30 7.81 FibroGen FGEN ... dd 20.50 +0.71 ... 47.70 15.63 Global-EOnline GLBE ... dd 24.31 +3.35 ... I 18.63 3.64 KLX Energy KLXE ... dd 16.09 +1.42 ...
57.99 23.40 Docebo DCBO ... cc 35.21 +2.92 ... 55.00 34.20 FidelityD&D FDBC 3.1 9 47.10 +1.95 .36 12.25 9.96 GlobalStarAcqn GLSTU ... ... 10.21 –1.29 ... 138.76 41.52 IAC IAC ... dd 52.11 +2.70 ... 11.88 6.89 KVH Inds KVHI ... 10 10.52 +0.30 ...
133.46 39.57 DocuSign DOCU ... dd 58.34 +3.80 ... 10.56 5.89 FiestaRestaurant FRGI ... dd 8.05 +0.17 ... 11.00 10.00 GlobalStarA GLST ... dd 10.11 –0.02 ... 27.77 12.48 IBEX IBEX ... 20 26.04 +0.46 ... 10.74 9.80 KairousAcqn KACL ... cc 10.43 +0.06 ...
6.63 0.80 Dogness DOGZ ... 11 .99 –0.01 ... 50.64 30.92 FifthThirdBncp FITB 3.8 11 34.64 +0.17 .33 0.38 0.08 GlobalStarRt GLSTR ... ... .16 –0.01 ... 121.28 84.68 ICF Intl ICFI .5 29 103.05 +3.12 .14 107.41 59.24 KaiserAlum KALU 3.5 dd 88.38 +6.07 .77
177.19 123.62 DollarTree DLTR ... 21 147.26 +1.43 ... 34.43 22.91 FinInstitutions FISI 4.7 6 24.65 +0.09 .29 10.32 9.84 GlblTechAcqnI GTAC ... 20 10.31 +0.03 ... 251.73 128.90 ICU Medical ICUI ... dd 177.13 +15.45 ... 3.74 1.32 Kaltura KLTR ... dd 2.07 +0.19 ...
57.41 12.07 Domo DOMO ... dd 14.21 +1.75 ... 0.27 0.05 FinStrategiesRt FXCOR ... ... .18 +0.10 ... 17.35 10.61 GlobalWaterRscs GWRS 2.1 66 14.39 –0.08.0248 19.14 8.14 IDEAYA Bio IDYA ... dd 18.72 +1.45 ... 17.35 4.12 KalVistaPharm KALV ... dd 7.10 +0.44 ...
17.13 13.05 DonegalGroup A DGICA 4.3 cc 15.21 +0.30 .165 9.74 0.30 FinchTherap FNCH ... dd .56 +0.08 ... 79.49 36.81 GlobalFoundries GFS ... 40 59.14 +6.39 ... 574.33 317.06 IdexxLab IDXX ... 61 479.08 +31.31 ... 6.76 3.72 Kamada KMDA ... dd 5.08 +0.58 ...
20.18 13.05 DonegalGroup B DGICB 3.7 cc 15.86 +0.84.1475 10.80 9.81 FinnovateAcqnA FNVT ... dd 10.32 +0.03 ... 10.26 9.79 GlobalinkInvt GLLI ... dd 10.25 +0.01 ... 51.41 24.94 IES Holdings IESC ... 27 39.49 +3.14 ... 3.75 2.00 KandiTech KNDI ... dd 2.90 +0.15 ...
32.61 21.30 DorchesterMnls DMLP 11.5 9 30.34 +0.76 .969 10.55 9.82 FintechEcoA FEXD ... cc 10.33 +0.06 ... 0.28 0.01 GlobalinkInvtRt GLLIR ... ... .07 ... ... 35.98 12.67 IGM Biosci IGMS ... dd 25.33 +8.48 ... 35.28 9.74 Kanzhun BZ ... cc 23.79 +0.05 ...
119.04 73.32 DormanProducts DORM ... 21 90.02 +5.52 ... 0.28 0.07 FintechEcoRt FEXDR ... ... .14 ... ... 3.30 0.51 GlycoMimetics GLYC ... dd 3.02 +0.19 ... 37.16 3.19 I-Mab IMAB ... dd 7.39 +1.82 ... 20.00 12.50 KaratPkg KRT .0 12 15.25 +0.38 .35
15.64 8.00 DoubleDown DDI ... dd 9.92 +1.51 ... 21.86 8.20 FinWiseBancorp FINW ... 4 8.99 +0.04 ... 23.69 11.57 Gogo GOGO ... 8 16.15 +0.28 ... 80.39 48.33 IndusRealty INDT 1.1 28 63.95 +0.63 .18 278.25 92.26 KarunaTherap KRTX ... dd 200.75 +1.69 ...
2.62 0.90 DouYuIntl DOYU ... dd 1.78 +0.17 ... 21.01 10.07 FirstAdvantage FA ... 34 13.42 +0.15 ... 17.59 2.83 Gogoro GGR ... dd 4.17 +0.28 ... 4.98 1.38 IN8bio INAB ... dd 2.31 –0.52 ... 14.73 2.45 KaryopharmTherap KPTI ... dd 3.30 –0.21 ...
25.01 9.77 DraftKings DKNG ... dd 14.11 +2.48 ... 49.00 32.90 FirstBancorpNC FBNC 2.1 13 42.42 +0.96 .22 30.66 12.14 GolarLNG GLNG ... ... 22.82 +1.12 ... 9.77 2.15 IO Biotech IOBT ... dd 2.34 –0.16 ... 2.75 0.74 Katapult KPLT ... dd 1.09 +0.11 ...
28.75 6.75 DragonflyEnergy DFLI ... dd 8.46 –1.87 ... 36.80 27.42 FirstBancorp FNLC 4.6 8 29.69 –0.01 .34 59.96 32.53 GoldenEnt GDEN ... 14 38.68 +0.63 ... 162.33 79.88 IPG Photonics IPGP ... 21 106.41 +2.49 ... 13.89 9.02 KearnyFinancial KRNY 4.3 11 10.34 +0.17 .11
35.45 24.62 DrivenBrands DRVN ... dd 28.26 +1.47 ... 40.00 26.95 FirstBancshares FBMS 2.6 10 30.67 +0.51 .20 16.46 7.24 GoldenOcean GOGL25.9 3 9.06 +0.68 .35 30.26 18.59 i3Verticals IIIV ... dd 27.79 +1.62 ... 23.00 13.41 KellyServices A KELYA 1.7 91 17.42 –0.02 .075
25.81 19.07 Dropbox DBX ... 25 23.07 +0.90 ... 16.76 13.17 FirstBank FRBA 1.7 8 13.97 +0.50 .06 16.23 11.94 GolubCapital GBDC 9.6 15 13.73 +0.58 .33 24.33 8.85 IVERICbio ISEE ... dd 19.85 +0.09 ... 26.64 13.64 KellyServices B KELYB 1.8 87 16.78 –0.27 .075
29.73 21.66 FirstBusey BUSE 3.8 11 24.97 +0.19 .23 10.19 9.69 IXAcqnA IXAQ ... 18 10.17 +0.04 ... 8.35 4.00 KemPharm KMPH ... dd 5.52 +0.95 ...
28.01 10.04 DuckCreekTech DCT ... dd 19.06 +6.07 ... 30.89 3.82 GoodRx GDRX ... dd 5.27 +0.43 ... 8.69 6.60 KY FirstFedBncp KFFB 5.6 42 7.08 +0.48 .10
15.75 5.64 DuluthHoldings DLTH ... 17 6.39 +0.15 ... 39.88 29.85 FirstBusFinSvcs FBIZ 2.2 8 35.57 –0.38.1975 24.17 9.66 Goodyear GT ... 4 11.52 +0.55 ... 55.73 47.17 IcahnEnterprises IEP 15.1 dd 53.13 +0.16 2.00 68.29 24.38 KerosTherap KROS ... dd 49.16 +1.48 ...
113.36 60.50 Duolingo DUOL ... dd 79.36 +7.28 ... 914.72 598.01 FirstCitizBcshA FCNCA .4 13 830.00 +41.94 .75 102.06 29.23 GooseheadIns GSHD ... cc 37.14 +4.73 ... 48.89 21.04 Ichor ICHR ... 12 30.85 +1.13 ... 41.31 33.35 KeurigDrPepper KDP 2.2 28 35.69 –0.57 .20
15.63 4.30 DyneTherap DYN ... dd 12.96 +1.32 ... 39.39 26.51 FirstCommBkshs FCBC 3.4 13 33.98 +0.09 .29 10.49 4.50 GoPro GPRO ... 12 5.61 +0.36 ... 46.20 2.10 iClickInteract ICLK ... dd 4.55 –0.25 ... 20.48 12.59 KewauneeSci KEQU ... dd 16.30 +0.67 ...
E 4.58 2.74 FirstEagleAltCap FCRD 9.8 dd 4.51 +0.17 .11 10.40 9.60 GoresIX A GHIX ... 77 9.92 +0.02 ... 279.80 171.43 Icon ICLR ... 40 224.49 +24.04 ... 6.54 4.00 KeyTronic KTCC ... 10 4.85 +0.34 ...
26.83 18.75 FirstFinBncpOH FFBC 3.7 12 24.66 –0.83 .23 15.20 1.57 GossamerBio GOSS ... dd 2.34 +0.14 ... 18.97 2.28 Icosavax ICVX ... dd 10.46 +1.91 ... 10.45 9.64 KeyarchAcqn KYCH ... cc 10.18 +0.04 ...
11.32 6.17 ECARX ECX ... 27 6.70 +0.07 ... 53.07 32.53 FirstFinBkshs FFIN 1.9 22 35.07 +0.82 .17 6.61 2.19 Grab GRAB ... dd 3.58 +0.11 ... 21.53 5.85 iHeartMedia IHRT ... dd 7.54 +0.92 ... 0.64 ... KeyarchAcqnRt KYCHR ... ... .09 ... ...
11.87 6.00 EDAP TMS EDAP ... 96 10.98 –0.69 ... 49.90 41.50 FirstFinIN THFF 2.3 9 46.03 +0.38 .20 5.69 1.68 GracellBiotech GRCL ... dd 2.23 +0.08 ... 11.79 1.94 IkenaOncology IKNA ... dd 3.25 +0.07 ... 18.55 4.31 KezarLifeSci KZR ... dd 6.84 ... ...
0.19 0.07 EFHuttonAcqnIRt EFHTR ... ... .13 ... ... 17.95 14.25 FirstFinNW FFNW 3.2 11 14.94 –0.16 .12 116.66 72.00 GrandCanyonEduc LOPE ... 20 111.67 –1.66 ... 405.62 173.45 Illumina ILMN ... dd 201.11 –0.76 ... 78.15 49.35 Kforce KFRC 2.1 14 58.25 +2.60 .30
11.37 9.98 EFHuttonAcqnI EFHT ... ... 10.10 +0.04 ... 27.74 13.17 FirstFoundation FFWM 2.9 7 15.16 +0.24 .11 11.30 1.59 GraphiteBio GRPH ... dd 2.01 +0.16 ... 5.26 0.97 Imara IMRA ... dd 4.48 –0.22 ... 25.39 16.66 KimballElec KE ... 16 24.31 +0.63 ...
10.86 9.88 EsgenAcqnA ESAC ... 17 10.33 +0.02 ... 29.65 19.13 FirstGuarBcshs FGBI 2.7 9 23.65 –0.43 .16 1.58 0.45 GraybugVision GRAY ... dd .70 +0.06 ... 7.74 0.44 iMediaBrands IMBI ... dd .71 +0.12 ... 10.74 6.11 KimballIntl B KBAL 5.0 dd 7.26 +0.15 .09
21.80 15.63 ESSA Bancorp ESSA 2.9 10 20.62 –0.10 .15 31.16 21.21 FirstHawaiian FHB 3.8 14 27.05 +0.57 .26 19.51 7.80 GreatElmCap GECC21.0 dd 8.59 +0.07 .45 8.31 4.28 Immersion IMMR 1.6 21 7.60 ... .03 12.93 1.77 KingsoftCloud KC ... dd 4.48 –0.54 ...
33.98 21.01 EVO Payments EVOP ... cc 33.87 ... ... 53.56 22.01 FirstInternetBncp INBK .9 6 25.48 +0.73 .06 2.55 1.40 GreatElm GEG ... dd 2.41 +0.24 ... 16.17 3.74 Immuneering IMRX ... dd 4.43 +0.49 ... 17.20 7.36 KiniksaPharm KNSA ... 7 14.55 –1.24 ...
24.00 16.00 EagleBncpMT EBMT 3.3 14 16.85 +0.25.1375 46.34 32.40 FirstInterBanc FIBK 4.8 21 39.40 +0.10 .47 15.40 5.42 GreatLakesDredge GLDD ... 20 6.40 +0.51 ... 14.50 1.11 Immunic IMUX ... dd 1.54 +0.16 ... 16.07 5.17 KinnateBio KNTE ... dd 6.40 +0.01 ...
53.78 24.35 EaglePharm EGRX ... 20 32.45 +1.99 ... 45.98 34.07 FirstMerchants FRME 3.0 12 42.24 –0.43 .32 64.16 50.30 GreatSouthernBncp GSBC 2.7 11 59.97 +0.17 .40 7.85 2.60 ImmunityBio IBRX ... dd 4.78 +0.45 ... 17.72 2.90 Kirkland's KIRK ... dd 3.51 +0.03 ...
5.84 0.48 Eargo EAR ... dd .56 –0.05 ... 44.64 31.32 FirstMidBcshs FMBH 2.8 9 32.98 +0.63 .23 41.25 26.09 GreenPlains GPRE ... dd 32.53 +0.85 ... 69.06 18.43 Immunocore IMCR ... dd 63.54 +8.98 ... 27.50 1.35 Knightscope KSCP ... ... 1.76 –0.23 ...
93.51 61.65 EastWestBncp EWBC 2.3 10 69.20 +0.85 .40 23.77 14.22 FirstNWBncp FNWB 1.8 10 15.33 –0.42 .07 15.32 11.05 GreenPlainsPtrs GPP 13.7 8 13.32 +0.48 .455 6.63 3.10 Immunogen IMGN ... dd 4.53 +0.13 ... 26.00 13.78 KnowBe4 KNBE ... cc 24.83 +0.02 ...
22.35 16.64 EasternBankshares EBC 2.2 16 17.91 –0.02 .10 182.58 59.60 FirstSolar FSLR ... cc 180.19 +23.39 ... 10.41 9.85 GreenVisorI A GVCI ... 18 10.37 +0.01 ... 6.79 3.51 ImmunoPrecise IPA ... dd 5.22 +0.04 ... 67.33 4.90 KodiakSciences KOD ... dd 8.28 –0.61 ...
27.60 17.10 Eastern EML 1.9 10 23.20 +3.57 .11 59.94 42.29 1stSource SRCE 2.4 11 53.63 –0.19 .32 15.32 0.22 GreenidgeGen GREE ... dd 1.06 +0.67 ... 20.24 3.15 Immunovant IMVT ... dd 18.60 –1.12 ... 111.78 19.44 KornitDigital KRNT ... dd 26.74 +2.51 ...
56.40 2.52 EbangIntl EBON ... dd 8.82 +4.40 ... 24.50 16.18 FirstUnited FUNC 3.7 5 19.65 +0.49 .18 18.70 0.27 Greenlane GNLN ... dd .46 +0.11 ... 3.45 1.47 Immutep IMMP ... dd 2.01 +0.03 ... 44.87 32.73 KraftHeinz KHC 3.8 43 42.42 –0.17 .40
63.84 35.92 eBay EBAY 1.9 dd 46.26 +1.15 .22 18.95 11.57 FirstWatchRest FWRG ... cc 16.08 +2.62 ... 15.80 1.00 GreenLightBio GRNA ... dd 1.15 +0.10 ... 10.75 2.52 ImpelPharm IMPL ... dd 3.50 –0.60 ... 22.26 8.90 KratosDefense KTOS ... dd 10.85 +0.30 ...
44.42 12.50 Ebix EBIX 1.6 8 19.11 +0.67 .075 34.20 24.07 FirstWesternFin MYFW ... 14 27.15 –0.21 ... 9.24 6.51 GreenlightCapRe GLRE ... 26 9.17 +0.46 ... 129.02 39.74 Impinj PI ... dd 123.21 +10.90 ... 16.85 10.21 KrispyKreme DNUT 1.2 dd 11.69 +0.56 .035
26.80 15.26 EchoStar SATS ... 29 18.07 +1.46 ... 100.00 58.30 FirstCash FCFS 1.5 21 89.54 +0.23 .33 13.34 5.71 Grifols GRFS ... cc 9.26 +0.31 ... 100.00 50.50 InariMedical NARI ... dd 67.05 –0.12 ... 10.94 1.35 KronosBio KRON ... dd 2.62 +0.90 ...
17.67 5.41 EdgewiseTherap EWTX ... dd 11.05 +1.63 ... 4.20 0.89 FirsthandTechVal SVVC ... dd 1.05 +0.13 ... 28.98 13.50 GrindrodShipping GRIN 22.3 ... 15.05 –1.25 5.00 90.00 2.60 Incannex IXHL ... dd 3.41 +0.56 ... 85.65 47.67 KrystalBiotech KRYS ... dd 82.95 +0.09 ...
5.55 0.79 Edgio EGIO ... dd 1.47 +0.18 ... 169.18 112.44 FirstService FSV .6 55 139.64 +11.87.2025 6.41 1.71 Gritstone GRTS ... dd 3.38 –0.36 ... 10.35 9.71 InceptionGrowth IGTA ... dd 10.18 ... ... 62.16 35.95 Kulicke&Soffa KLIC 1.5 7 51.23 +4.32 .19
22.46 7.71 EditasMedicine EDIT ... dd 8.43 –0.57 ... 110.94 87.03 Fiserv FISV ... 32 102.56 +0.38 ... 46.37 23.69 GroceryOutlet GO ... 53 29.72 +1.00 ... 0.27 0.07 InceptionGrowthRt IGTAR ... ... .11 ... ... 19.93 10.41 KuraOncology KURA ... dd 14.30 +2.13 ...
8.99 2.00 EducDev EDUC10.3 dd 3.89 +0.55 .10 193.53 109.49 FiveBelow FIVE ... 46 190.34 +13.26 ... 31.15 6.22 Groupon GRPN ... dd 8.57 +0.27 ... 84.86 65.07 Incyte INCY ... 21 80.83 –0.04 ... 96.60 30.95 KuraSushiUSA KRUS ... dd 57.46 +17.58 ...
18.77 3.32 EHang EH ... dd 16.89 +4.44 ... 49.50 7.07 5EAdvMatls FEAM ... ... 11.68 +2.34 ... 10.30 9.60 GrowthforGoodA GFGD ... dd 10.07 +0.04 ... 91.65 74.28 IndependentBank INDB 2.7 20 81.70 +0.13 .55 46.22 13.15 KymeraTherap KYMR ... dd 34.54 +7.21 ...
25.91 2.67 eHealth EHTH ... dd 6.51 +0.90 ... 138.34 46.61 Five9 FIVN ... dd 72.49 +4.61 ... 0.25 ... GrowthforGoodRt GFGDR ... ... .06 +0.01 ... 26.00 17.87 IndepBankMI IBCP 3.6 9 24.27 –0.29 .22
10.02 0.96 EigerBioPharma EIGR ... dd 1.50 +0.30 ... 32.00 23.57 FiveStarBncp FSBC 2.2 11 27.40 +0.10 .15 73.57 46.53 GrAeroportuario OMAB 5.2 19 71.98 +3.45.4944 79.66 56.22 IndependentBank IBTX 2.5 12 61.62 +2.82 .38 L
16.81 2.87 8x8 EGHT ... dd 4.62 +0.18 ... 24.08 13.63 Flex FLEX ... 14 24.03 +1.76 ... 44.60 33.78 GuarantyBcshrs GNTY 2.5 10 35.54 +0.39 .22 24.78 3.05 IndLogistics ILPT 1.0 dd 4.04 +0.08 .01 10.71 9.81 LamfGlbI A LGVC ... cc 10.31 +0.04 ...
13.08 2.00 89bio ETNB ... dd 10.50 –1.04 ... 27.21 13.46 Flexsteel FLXS 3.4 dd 17.63 +1.78 .15 79.24 24.63 GuardantHealth GH ... dd 30.43 +4.48 ... 10.44 9.83 IndlTechII A ITAQ ... 55 10.27 +0.05 ... 10.30 9.83 LavaMedtech LVAC ... 7 10.29 +0.02 ...
14.04 8.15 ElPolloLoco LOCO .0 20 10.97 +0.91 1.50 24.74 4.96 FluenceEnergy FLNC ... dd 22.08 +5.65 ... 5.74 3.10 GulfIslandFab GIFI ... dd 5.00 +0.08 ... 9.25 4.26 Infinera INFN ... dd 7.13 +0.12 ... 7.38 2.28 LavaTherap LVTX ... ... 3.85 +0.09 ...
244.80 159.00 ElbitSystems ESLT 1.2 39 172.01 +0.96 .50 2.36 0.96 Fluent FLNT ... dd 1.39 +0.20 ... 5.30 2.85 Gulf Resources GURE ... 3 3.52 +0.27 ... 1.76 0.44 InfinityPharm INFI ... dd .71 +0.06 ... 10.31 9.87 LFCapAcqnIIA LFAC ... cc 10.29 ... ...
142.79 109.24 ElectronicArts EA .6 39 125.46 +1.57 .19 25.95 19.24 FlushingFin FFIC 4.4 7 20.03 +0.21 .22 H 4.50 0.78 InflaRx IFRX ... dd 2.63 –0.18 ... 141.68 71.73 LGI Homes LGIH ... 6 107.23 +5.74 ...
6.66 0.72 ElevationOnc ELEV ... dd .99 +0.24 ... 32.88 14.56 Flywire FLYW ... dd 26.37 +2.45 ... 7.76 4.15 InfoSvcsGrp III 3.1 14 5.20 +0.34 .04 169.84 112.26 LHC Group LHCG ... 80 162.91 +2.85 ...
11.51 2.36 EliemTherap ELYM ... dd 4.07 –0.57 ... 54.97 30.27 FocusFinPtrs FOCS ... 28 42.96 +3.03 ... 49.24 26.12 H&E Equipment HEES 2.3 19 47.24 –0.70 .275 102.99 74.63 InglesMarkets IMKTA .7 7 97.37 –0.10 .165 10.31 9.85 LIVCapAcqnII A LIVB ... ... 10.30 +0.05 ...
134.40 2.02 EmbarkTech EMBK ... dd 4.18 +1.10 ... 10.49 9.83 FocusImpact FIAC ... 22 10.24 +0.04 ... 22.48 16.09 HBT Finl HBT 3.2 10 20.21 +0.01 .16 34.72 7.67 Inhibrx INBX ... dd 23.66 +0.53 ... 58.73 42.36 LKQ LKQ 1.9 14 58.52 +3.19 .275
63.00 22.31 Embecta EMBC 2.6 6 23.07 –1.98 .15 16.50 5.64 FocusUniversal FCUV ... dd 6.34 +0.62 ... 10.81 9.87 HCM Acqn A HCMA ... 29 10.26 ... ... 54.68 20.60 InMode INMD ... 16 32.70 –5.54 ... 271.56 140.65 LPL Financial LPLA .4 30 230.29 +7.95 .25
10.75 9.96 EmbraceChange EMCG ... ... 10.31 +0.07 ... 18.28 5.32 FoghornTherap FHTX ... dd 8.71 +2.24 ... 3.32 1.76 HCW Biologics HCWB ... dd 2.15 +0.07 ... 4.61 1.90 InnatePharma IPHA ... dd 3.57 +0.23 ... 13.58 5.41 LSI Inds LYTS 1.5 21 13.49 +0.95 .05
0.15 0.08 EmbraceChangeRt EMCGR ... ... .10 –0.01 ... 10.55 9.86 ForbionEuroA FRBN ... dd 10.33 ... ... 25.98 20.95 HMN Fin HMNF 1.1 13 21.64 +0.04 .06 9.00 2.78 Innodata INOD ... dd 3.27 +0.21 ... 15.25 11.82 LakeShoreBancorp LSBK 5.6 12 12.82 +0.01 .18
6.27 0.86 Emcore EMKR ... dd 1.20 +0.28 ... 44.76 18.15 FormFactor FORM ... 22 25.15 +1.05 ... 3.05 0.72 Hookipa HOOK ... dd 1.00 +0.11 ... 115.66 83.13 Innospec IOSP 1.2 21 109.72 +4.24 .65 20.60 13.91 LakelandBcp LBAI 3.1 12 18.46 +0.47 .145
10.26 9.75 EM Horizon A HORI ... 14 10.23 –0.03 ... 118.80 70.60 FormulaSys FORTY 1.3 15 78.10 +3.43 .671 31.89 7.39 HutchmedChina HCM ... ... 17.67 +0.89 ... 7.85 3.39 InnovAge INNV ... dd 7.56 +0.21 ... 85.71 64.05 LakelandFin LKFN 2.4 19 76.61 +2.97 .46
28.37 19.21 Enact ACT 2.3 6 24.29 –0.06 1.12 59.56 32.73 ForresterRes FORR ... 23 36.91 +1.55 ... 49.06 21.98 H World HTHT .0 dd 47.59 +3.90 .21 10.61 9.89 InnovativeIntlA IOAC ... dd 10.33 +0.01 ... 21.37 11.13 LakelandInd LAKE ... 37 14.46 +0.08 ...
79.50 37.59 EnantaPharma ENTA ... dd 51.46 +1.72 ... 71.52 42.61 Fortinet FTNT ... 54 48.87 +0.18 ... 24.78 16.92 HackettGroup HCKT 2.1 15 21.32 +0.36 .11 9.90 5.77 InnovSolSuprt ISSC ... 26 8.54 +0.39 ... 10.55 9.89 LakeshoreAcqnII LBBB ... dd 10.24 +0.04 ...
72.73 44.06 EncoreCapital ECPG ... 4 52.53 +1.49 ... 10.87 9.93 FortuneRiseA FRLA ... dd 10.42 +0.02 ... 40.63 15.20 HainCelestial HAIN ... 27 19.03 +1.18 ... 20.71 11.57 Innoviva INVA ... 4 13.37 –0.05 ... 0.35 0.05 LakeshoreII Rt LBBBR ... ... .15 –0.02 ...
155.35 94.39 EncoreWire WIRE .1 4 149.31 +12.03 .02 117.57 84.04 ForwardAir FWRD .9 14 101.63 –3.46 .24 10.22 9.94 HainanManaslu HMAC ... cc 10.17 +0.01 ... 36.30 19.08 Inogen INGN ... dd 23.28 +1.51 ... 730.75 299.59 LamResearch LRCX 1.5 14 473.67 +28.401.725
11.36 9.87 EnergemA ENCP ... cc 10.30 –0.13 ... 14.58 3.25 Fossil FOSL ... dd 5.82 +0.88 ... 0.78 0.06 HainanManasRt HMACR ... ... .10 –0.01 ... 4.77 1.38 InovioPharma INO ... dd 1.90 +0.33 ... 119.68 81.10 LamarAdv LAMR 4.7 21 102.10 +5.96 .30
26.34 16.92 EnergyRecovery ERII ... 83 22.19 +1.98 ... 16.15 9.00 FosterLB FSTR ... dd 11.64 +1.36 ... 46.20 4.21 HallmarkFin HALL ... dd 6.73 +0.87 ... 7.98 0.99 InozymePharma INZY ... dd 1.74 –0.12 ... 214.00 116.85 LancasterColony LANC 1.7 57 198.46 –3.08 .85
26.30 6.50 Enovix ENVX ... dd 8.25 +0.20 ... 26.49 5.32 4D Molecular FDMT ... dd 22.03 –1.16 ... 59.46 31.36 HalozymeTherap HALO ... 34 50.34 –5.14 ... 5.09 0.75 Inseego INSG ... dd 1.14 +0.25 ... 28.57 20.67 LandmarkBncp LARK 3.5 10 22.75 +1.09 .20
339.92 113.40 EnphaseEnergy ENPH ... cc 245.83 +12.18 ... 44.95 28.02 FoxA FOXA 1.5 16 32.33 +0.58 .25 98.92 55.81 HamiltonLane HLNE 2.2 20 73.36 +7.76 .40 112.07 81.11 InsightEnt NSIT ... 15 111.10 +5.93 ... 178.14 137.15 LandstarSystem LSTR .7 14 169.88 +2.57 2.00
99.52 70.29 EnsignGroup ENSG .2 26 98.53 +2.45.0575 40.91 26.35 FoxB FOX 1.6 15 30.31 +0.51 .25 59.82 41.62 HancockWhitney HWC 2.1 9 50.97 +1.54 .27 28.94 16.41 Insmed INSM ... dd 19.45 +0.95 ... 87.47 23.51 Lantheus LNTH ... 36 53.08 +4.60 ...
286.89 169.04 Enstar ESGR ... dd 241.01 –4.30 ... 152.75 69.28 FoxFactory FOXF ... 24 109.54 +11.57 ... 28.84 21.35 HanmiFinancial HAFC 3.9 7 25.33 +0.68 .25 108.00 0.97 Inspirato ISPO ... dd 1.41 +0.20 ... 14.27 4.75 Largo LGO ... 28 6.48 +0.32 ...
141.82 61.75 Entegris ENTG .5 39 79.60 +9.27 .10 51.71 22.67 Franchise FRG 8.7 18 28.70 –0.92 .625 24.68 18.44 HanoverBancorp HNVR 2.0 5 19.52 –0.63 .10 14.10 0.47 InstilBio TIL ... dd .78 +0.15 ... 11.05 1.53 LarimarTherap LRMR ... dd 4.65 +0.45 ...
44.47 28.57 EnterpriseBncp EBTC 2.3 11 36.20 –0.05 .205 96.19 68.27 FranklinElec FELE .9 22 86.46 +4.67 .195 15.57 12.82 HarborOneBncp HONE 2.0 14 14.18 +0.07 .07 320.00 181.00 Insulet PODD ... cc 305.89 +13.58 ... 10.51 9.88 LatAmGrowthA LATG ... 17 10.32 +0.04 ...
54.31 39.64 EnterpriseFinSvcs EFSC 1.9 10 51.14 +1.30 .24 6.90 3.06 FreightCarAmer RAIL ... dd 3.42 +0.21 ... 15.80 8.25 Harmonic HLIT ... 41 15.33 +1.48 ... 27.95 13.52 Intapp INTA ... dd 26.92 +0.77 ... 6.73 0.53 Latch LTCH ... dd .93 +0.07 ...
10.95 9.83 Ent4.0TechAcqnA ENTF ... ... 10.33 +0.03 ... 9.79 4.92 FrequencyElec FEIM .0 dd 5.98 –0.08 1.00 62.09 31.54 HarmonyBio HRMY ... 19 47.42 –6.24 ... 69.61 40.67 IntegraLifeSci IART ... 28 57.40 –1.30 ... 19.98 2.75 Latham SWIM ... 56 3.79 +0.55 ...
3.77 0.51 EnthusiastGaming EGLX ... dd .63 +0.06 ... 5.79 1.00 FrequencyTherap FREQ ... dd 4.55 +0.99 ... 6.30 0.59 HarpoonTherap HARP ... dd .83 +0.08 ... 10.49 9.72 IntegralAcqn1 INTE ... dd 10.17 +0.05 ... 76.47 43.41 LatticeSemi LSCC ... 66 72.62 +6.09 ...
24.38 5.12 EntradaTherap TRDA ... dd 13.71 –0.53 ... 118.77 36.02 Freshpet FRPT ... dd 61.20 +9.22 ... 15.14 5.40 HarrowHealth HROW ... dd 14.30 +0.05 ... 20.39 6.63 IntegralAd IAS ... dd 9.56 +0.17 ... 13.35 9.24 LaureateEduc LAUR .0 39 10.06 +0.31 .68
62.82 40.37 ePlus PLUS ... 13 47.89 +2.42 ... 23.72 10.51 FreshworksA FRSH ... dd 15.07 +0.82 ... 17.88 6.34 Harte-Hanks HHS ... 7 13.55 +1.44 ... 55.77 24.59 Intel INTC 4.8 9 30.11 +1.38 .365 11.58 0.46 Leafly LFLY ... 8 .72 +0.08 ...
7.99 5.04 EpsilonEnergy EPSN 4.0 4 6.31 –0.08.0625 37.76 19.06 Frontdoor FTDR ... 28 23.91 +2.06 ... 6.49 1.98 HarvardBioSci HBIO ... dd 2.93 +0.12 ... 104.87 32.72 IntelliaTherap NTLA ... dd 37.64 –0.46 ... 3.11 0.40 LeapTherap LPTX ... dd .58 +0.07 ...
7.20 1.87 EQRx EQRX ... dd 2.73 –0.10 ... 30.33 20.83 FrontierComms FYBR ... 14 27.98 +1.16 ... 105.13 54.65 Hasbro HAS 4.2 22 66.02 +1.16 .70 5.17 1.33 Intellicheck IDN ... dd 2.62 +0.36 ... 43.47 15.70 LeeEnterprises LEE ... dd 18.46 –0.26 ...
4.38 0.79 Equillium EQ ... dd 1.10 –0.05 ... 15.25 8.19 Frontier ULCC ... dd 12.24 +1.81 ... 83.12 21.50 HashiCorp HCP ... dd 29.26 +4.93 ... 10.31 9.87 IntelligentMedA IQMD ... ... 10.30 +0.01 ... 27.79 11.96 LegacyHousing LEGH ... 8 20.56 +1.45 ...
776.35 494.89 Equinix EQIX 1.7 94 721.89 +47.95 3.10 7.33 2.47 FuelCell FCEL ... dd 3.24 +0.41 ... 21.71 9.64 HawaiianHoldings HA ... dd 13.27 +1.47 ... 4.63 1.72 Inter INTR ... ... 2.34 +0.28 ... 17.36 7.37 LegalZoom LZ ... dd 8.27 +0.54 ...
38.04 28.06 EquityBcshs EQBK 1.1 10 33.12 +0.56 .10 24.79 3.21 FulcrumTherap FULC ... dd 13.70 +4.38 ... 48.12 33.31 Hawkins HWKN 1.4 14 38.96 +1.85 .14 112.94 64.52 InterParfums IPAR 1.8 35 111.58 +0.86 .50 10.25 9.82 LegatoMergerII LGTO ... cc 10.22 +0.05 ...
13.34 3.60 Erasca ERAS ... dd 4.16 +0.03 ... 81.90 28.53 FulgentGenetics FLGT ... 4 32.63 +3.04 ... 26.60 21.06 HawthornBcsh HWBK 2.8 8 24.25 +1.70 .17 81.46 52.18 InteractiveBrkrs IBKR .5 25 77.21 +3.56 .10 57.72 30.76 LegendBiotech LEGN ... dd 57.37 +7.78 ...
286.50 158.46 ErieIndemnity A ERIE 1.9 46 250.66 –0.32 1.19 19.17 13.72 FultonFin FULT 3.6 11 16.84 –0.27 .15 57.33 29.00 HaynesIntl HAYN 1.6 15 54.20 +3.77 .22 21.25 10.81 InterceptPharm ICPT ... 3 16.30 +1.82 ... 56.38 38.32 LeMaitreVascular LMAT 1.1 48 46.13 +0.60 .125
2.31 0.30 ErytechPharma ERYP ... dd .50 +0.10 ... 27.79 7.60 Funko FNKO ... 12 12.07 +0.41 ... 33.09 6.40 HealthCatalyst HCAT ... dd 12.12 +1.33 ... 8.20 3.27 Intercure INCR ... 17 3.81 +0.01 ... 143.09 17.60 LendingTree TREE ... dd 29.75 +7.57 ...
15.51 9.25 Escalade ESCA 5.1 8 11.80 +0.46 .15 10.83 2.70 FusionFuelGreen HTOO ... ... 4.49 +0.36 ... 10.82 9.82 HealthcareAI A HAIA ... 14 10.30 +0.04 ... 71.73 40.23 InterDigital IDCC 2.4 22 59.25 +0.97 .35 16.70 7.51 LeonardoDRS DRS ... 5 13.19 +0.53 ...
8.87 3.28 EsperionTherap ESPR ... dd 7.17 +0.87 ... 8.73 1.98 FusionPharm FUSN ... dd 3.90 –0.07 ... 20.54 11.55 HealthcareSvcs HCSG 6.2 50 13.77 +0.75 .215 15.05 8.90 Interface TILE .4 10 11.03 +0.58 .01 6.07 3.02 LesakaTech LSAK ... dd 4.30 –0.06 ...
4.50 1.95 EtonPharm ETON ... dd 3.50 +0.42 ... 72.20 21.23 Futu FUTU ... 24 52.25 +8.63 ... 79.20 47.77 HealthEquity HQY ... dd 59.87 –0.64 ... 53.71 38.00 IntlBcshs IBOC 2.6 11 45.76 –0.81 .60 22.21 11.43 Leslie's LESL ... 16 14.10 +1.12 ...
52 BARRON’S January 16, 2023

D ATA NASDAQ ISSUES B A R R ON S .C OM / D ATA

52-Week Tick Div 52-Week Tick Div 52-Week Tick Div 52-Week Tick Div 52-Week Tick Div
High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt.
3.49 1.31 LexiconPharm LXRX ... dd 2.36 +0.22 ... 28.39 18.61 MetroCityBkshs MCBS 2.8 8 21.24 –0.05 .15 112.49 8.75 Novavax NVAX ... dd 12.29 +1.27 ... 3.97 1.72 PerformantFin PFMT ... dd 3.60 ... ... 0.22 0.06 RedwoodsAcqnRt RWODR ... ... .08 ... ...
3.99 1.26 LexinFintech LX ... 5 3.34 +0.94 ... 84.38 54.33 MicrochipTech MCHP 1.8 23 74.92 +2.15 .301 120.03 56.39 Novocure NVCR ... dd 93.99 –15.05 ... 30.40 16.41 PerionNetwork PERI ... 18 29.98 +1.17 ... 76.83 51.97 RegencyCtrs REG 3.9 25 65.98 +2.39 .65
41.49 12.52 LiAuto LI ... dd 22.49 +1.56 ... 97.43 48.43 MicronTech MU .8 10 56.93 +0.16 .115 24.00 3.82 Novonix NVX ... dd 5.20 +0.60 ... 15.70 7.50 Perma-PipeIntl PPIH ... 15 10.25 +0.90 ... 779.00 538.01 RegenPharm REGN ... 15 722.13 –15.02 ...
6.24 1.07 LianBio LIAN ... dd 2.32 –0.01 ... 315.95 213.43 Microsoft MSFT 1.1 26 239.23 +14.30 .68 10.25 9.94 NubiaBrandA NUBI ... ... 10.25 +0.02 ... 12.96 1.73 Personalis PSNL ... dd 2.87 +0.60 ... 35.22 9.76 RelativityAcqnA RACY ... 63 12.28 –1.61 ...
151.90 68.15 LibertyBroadbandA LBRDA ... 10 87.96 +4.17 ... 522.80 132.56 MicroStrategy MSTR ... dd 216.97 +56.52 ... 3.32 0.52 NuCana NCNA ... dd 1.45 +0.36 ... 22.75 8.72 PetcoHealth WOOF ... 32 10.36 +0.47 ... 35.36 12.65 RelayTherap RLAY ... dd 20.77 +5.03 ...
155.98 68.67 LibertyBroadbandC LBRDK ... 10 88.31 +4.34 ... 9.54 1.38 Microvast MVST ... dd 1.76 +0.21 ... 23.41 7.52 NurixTherap NRIX ... dd 11.66 +0.70 ... 25.40 6.66 PetIQ PETQ ... dd 11.07 +1.05 ... 38.68 1.81 RelmadaTherap RLMD ... dd 4.12 +0.83 ...
29.08 15.22 LibertyGlobal A LBTYA ... 2 21.26 +0.39 ... 5.96 2.11 MicroVision MVIS ... dd 2.59 +0.18 ... 33.73 13.44 Nutanix NTNX ... dd 26.70 +1.17 ... 29.53 17.08 PetMedExpress PETS 6.3 25 19.13 +0.61 .30 15.52 6.66 RemitlyGlobal RELY ... dd 12.00 +0.98 ...
30.30 16.30 LibertyGlobal B LBTYB ... 2 22.20 +1.42 ... 34.99 24.81 MidPennBancorp MPB 2.6 12 30.54 –0.10 .20 40.43 7.09 Nuvalent NUVL ... dd 32.43 +4.58 ... 13.63 6.10 Pharming PHAR ... 31 13.44 +1.29 ... 16.07 1.05 Renalytix RNLX ... dd 2.62 +0.27 ...
29.17 16.16 LibertyGlobal C LBTYK ... 2 22.04 +0.48 ... 13.99 10.01 MidCapFin MFIC 12.0 17 12.37 +0.50 .37 60.47 35.17 Nuvasive NUVA ... dd 44.49 +1.70 ... 27.50 1.77 Pharvaris PHVS ... ... 9.04 –2.91 ... 41.77 27.61 Renasant RNST 2.3 14 37.97 +1.02 .22
11.90 5.90 LibertyLatAmA LILA ... dd 9.01 +0.80 ... 201.34 120.30 Middleby MIDD ... 21 151.00 +8.89 ... 79.13 23.71 Nuvei NVEI ... 81 33.00 +6.00 ... 19.95 6.10 PhathomPharm PHAT ... dd 8.27 +0.75 ... 9.25 1.79 ReneoPharm RPHM ... dd 2.60 ... ...
11.66 5.88 LibertyLatAmC LILAK ... dd 9.06 +0.82 ... 109.51 74.20 MiddlesexWater MSEX 1.5 34 81.81 +1.79.3125 289.46 108.13 NVIDIA NVDA .1 72 168.99 +20.40 .04 43.00 30.53 Phenixfin PFX .0 dd 33.55 +0.29 .121 8.97 5.02 ReNewEnergy RNW ... dd 5.93 +0.47 ...
64.70 45.01 LibertyFormOne A FWONA ... dd 59.97 +1.94 ... 30.60 23.48 MidlandStBncp MSBI 4.3 7 27.28 +0.29 .29 22.00 4.70 Nyxoah NYXH ... dd 5.50 +0.22 ... 22.16 11.75 PhibroAnimal PAHC 3.3 13 14.69 +0.88 .12 46.52 16.82 Rent-A-Center RCII 5.4 84 25.06 +0.65 .34
71.17 50.00 LibertyFormOne C FWONK ... dd 67.01 +1.83 ... 35.58 27.17 MidWestOneFin MOFG 2.9 9 33.30 +1.09.2375 O 36.31 27.07 PhillipsEdison PECO 3.3 cc 33.71 +1.92.0933 7.49 1.10 RenttheRunway RENT ... dd 3.96 +0.38 ...
35.94 24.50 LibertyBraves A BATRA ... 32 35.73 +1.16 ... 9.85 3.39 MilestonePharm MIST ... dd 3.93 +0.05 ... 11.76 9.90 PhoenixBiotech PBAX ... dd 10.43 +0.13 ... 18.68 8.07 RepareTherap RPTX ... dd 12.85 –1.40 ...
35.39 23.34 LibertyBraves C BATRK ... 31 34.99 +0.99 ... 41.69 15.54 MillerKnoll MLKN 3.3 22 22.73 +1.03.1875 51.01 28.85 ODP ODP ... dd 50.98 +1.17 ... 25.81 13.87 Photronics PLAB ... 9 18.37 +0.87 ... 262.26 137.21 Repligen RGEN ... 62 178.06 +23.80 ...
52.62 34.40 LibertySirius A LSXMA ... 15 41.25 +0.31 ... 28.65 10.22 MillicomIntl TIGO ... 3 14.37 +0.82 ... 14.86 10.25 OP Bancorp OPBK 4.2 5 11.35 +0.31 .12 34.66 20.23 PilgrimPride PPC ... 7 25.82 +0.26 ... 28.50 13.05 Replimune REPL ... dd 28.06 +2.24 ...
53.04 36.50 LibertySirius B LSXMB ... 15 41.18 +2.15 ... 3.28 2.03 Mind CTI MNDO11.4 8 2.28 +0.12 .26 4.92 1.03 OPKO Health OPK ... dd 1.57 +0.31 ... 99.30 23.21 Pinduoduo PDD ... 32 97.00 +1.04 ... 52.21 38.17 RepublicBcpKYA RBCAA 3.2 8 43.08 +1.53 .341
52.43 34.34 LibertySirius C LSXMK ... 15 41.19 +0.40 ... 6.20 0.15 MinervaSurgical UTRS ... dd .25 +0.03 ... 11.02 9.72 OPYAcqnIA OHAA ... dd 10.15 +0.07 ... 110.58 67.86 PinnacleFinPtrs PNFP 1.2 11 75.04 +1.30 .22 5.67 1.96 RepublicFirstBncp FRBK ... 10 2.45 +0.17 ...
10.28 9.87 LibertyRscsA LIBY ... dd 10.26 ... ... 124.82 32.96 MiratiTherap MRTX ... dd 43.09 –1.75 ... 870.92 562.90 OReillyAuto ORLY ... 25 815.47 –27.05 ... 7.10 0.25 PintecTech PT ... dd .42 +0.03 ... 10.84 4.42 ReservoirMedia RSVR ... 27 6.64 +0.21 ...
93.67 8.43 LibertyTripAdvB LTRPB ... 39 27.20 +0.90 ... 30.55 16.07 MirumPharm MIRM ... dd 22.00 +2.09 ... 103.17 69.31 OSI Systems OSIS ... 14 87.95 +7.19 ... 3.86 1.34 Pixelworks PXLW ... dd 2.10 +0.28 ... 23.18 15.38 ResourcesConnect RGP 3.2 8 17.64 +0.69 .14
2.47 0.57 LibertyTripAdvA LTRPA ... 2 1.09 +0.28 ... 136.20 1.26 Missfresh MF ... ... 2.14 +0.22 ... 4.60 2.85 O2MicroIntl OIIM ... 47 4.49 +0.03 ... 12.75 9.10 PlainsAllAmPipe PAA 8.9 8 12.07 +0.17.2675 20.00 13.35 RetailOppor ROIC 3.9 38 15.47 +0.19 .15
12.04 5.94 LifecoreBiomed LFCR ... dd 7.00 +0.87 ... 16.96 11.04 MissionProduce AVO ... dd 12.09 +0.22 ... 7.75 5.86 OaktreeSpec OCSL 9.5 43 7.10 +0.03 .14 13.42 9.39 PlainsGP PAGP 8.3 12 12.88 +0.41.2675 10.44 0.76 ReunionNeuro REUN .0 dd 1.41 +0.03 .017
4.32 1.72 LifeMD LFMD ... dd 2.01 +0.08 ... 37.31 24.85 Mobileye MBLY ... dd 32.98 +1.36 ... 7.98 1.28 Oatly OTLY ... dd 2.52 –0.02 ... 9.81 5.35 PlayaHotels PLYA ... 16 6.91 +0.62 ... 30.95 11.27 RevanceTherap RVNC ... dd 27.92 +8.21 ...
11.25 4.22 LifeStanceHealth LFST ... dd 5.33 +0.61 ... 10.91 9.96 MobivAcqn MOBV ... ... 10.31 +0.13 ... 2.14 0.13 ObsEva OBSV ... dd .18 ... ... 6.60 3.24 Playstudios MYPS ... dd 4.24 +0.54 ... 10.35 9.66 RevelstoneCapA RCAC ... cc 10.09 –0.01 ...
16.40 6.38 LifetimeBrands LCUT 2.2 dd 7.81 +0.12.0425 217.25 115.03 Moderna MRNA ... 7 192.00 +11.65 ... 24.25 18.24 OceanFirstFin OCFC 3.6 12 22.10 +0.25 .20 21.45 7.81 Playtika PLTK ... 14 9.63 +0.55 ... 31.37 14.08 RevolutionMed RVMD ... dd 30.09 +7.69 ...
9.00 4.55 LifewayFoods LWAY ... cc 5.97 +0.42 ... 130.61 73.06 ModivCare MODV ... dd 99.69 +4.32 ... 6.53 2.57 OcularTherapeutix OCUL ... dd 4.00 +0.31 ... 113.44 72.88 Plexus PLXS ... 23 113.37 +5.43 ... 32.50 24.54 ReynoldsCnsmr REYN 3.0 25 30.40 +0.16 .23
83.95 46.83 LigandPharm LGND ... dd 71.28 +4.59 ... 32.04 5.50 MolecularPtrs MOLN ... 2 6.80 +0.49 ... 28.19 12.17 OfficePropIncm OPI 12.9 cc 17.01 +1.66 .55 26.25 3.97 PliantTherap PLRX ... dd 23.44 +4.25 ... 34.99 3.04 RhythmPharm RYTM ... dd 31.25 –2.99 ...
68.84 40.10 Light&Wonder LNW ... dd 62.05 +2.67 ... 18.48 5.14 Momentive MNTV ... dd 7.25 +0.29 ... 32.49 22.68 OhioValleyBanc OVBC 3.2 10 26.04 –0.31 .21 13.36 4.00 PolestarAuto PSNY ... dd 5.95 +0.30 ... 6.10 2.19 RibbonComms RBBN ... dd 3.07 +0.21 ...
6.47 1.09 Lilium LILM ... ... 1.39 +0.21 ... 4.74 0.70 Momentus MNTS ... dd 1.18 +0.33 ... 210.41 44.12 Okta OKTA ... dd 69.76 +1.73 ... 6.90 0.65 PolyPid PYPD ... dd .87 +0.11 ... 27.24 11.01 RichardsonElec RELL 1.1 14 22.59 +1.85 .06
16.28 10.44 Limoneira LMNR 2.3 dd 13.24 +0.81 .075 94.26 54.01 MonarchCasino MCRI ... 19 80.75 +2.09 ... 23.30 3.80 Olaplex OLPX ... 15 6.30 +0.64 ... 11.16 9.04 PonceFinl PDLB ... dd 9.98 +0.21 ... 3.52 0.64 RigelPharm RIGL ... dd 1.77 +0.52 ...
7.95 4.59 LincolnEduc LINC ... 7 6.14 +0.05 ... 238.43 73.58 monday.com MNDY ... dd 115.95 +15.45 ... 333.71 231.31 OldDomFreight ODFL .4 27 315.35 +14.65 .30 10.88 9.95 PonoCapTwoA PTWO ... ... 10.25 +0.01 ... 7.25 3.50 RiminiStreet RMNI ... 6 4.29 +0.17 ...
158.93 118.17 LincolnElectric LECO 1.6 21 158.07 +4.42 .64 16.98 6.74 Mondee MOND ... dd 9.90 +0.23 ... 20.81 14.22 OldNatlBncp ONB 3.0 18 18.60 +0.28 .14 504.35 278.10 Pool POOL 1.1 18 349.09 +33.78 1.00 8.00 6.08 RiverviewBncp RVSB 3.1 9 7.82 +0.27 .06
10.31 9.84 LionheartIII A LION ... dd 10.31 +0.04 ... 69.47 54.72 Mondelez MDLZ 2.3 30 67.06 –0.96 .385 17.80 12.89 Old2ndBcp OSBC 1.2 23 16.49 –0.53 .05 2.20 0.72 PopCulture CPOP ... 9 1.00 +0.09 ... 81.69 15.82 Rivian RIVN ... dd 16.45 +0.05 ...
22.59 11.39 LiquiditySvcs LQDT ... 12 14.82 +0.51 ... 10.96 7.58 MoneyGram MGI ... 65 10.89 –0.02 ... 7.41 2.00 OlemaPharm OLMA ... dd 4.15 +1.30 ... 99.49 62.55 Popular BPOP 3.2 5 68.52 +0.04 .55 16.49 6.81 Robinhood HOOD ... dd 9.32 +1.07 ...
302.70 192.19 Littelfuse LFUS 1.0 19 247.15 +14.93 .60 471.96 135.15 MongoDB MDB ... dd 197.53 +27.71 ... 26.47 8.39 OlinkHolding OLK ... dd 24.09 +4.39 ... 29.95 14.84 Portillo's PTLO ... dd 19.93 +3.68 ... 23.48 7.57 RocketPharm RCKT ... dd 22.37 +2.88 ...
88.00 41.82 LivaNova LIVN ... dd 57.67 +1.32 ... 541.39 301.69 MonolithicPower MPWR .8 49 398.46 +31.01 .75 72.27 37.67 Ollie'sBargain OLLI ... 36 53.90 +1.85 ... 25.20 19.26 PortmanRidge PTMN11.8 dd 22.77 +0.47 .67 48.91 18.00 RockyBrands RCKY 2.0 9 31.19 +3.09 .155
33.88 7.96 LivePerson LPSN ... dd 11.14 +0.94 ... 59.24 37.49 Monro MNRO 2.3 33 48.35 +1.41 .28 43.18 19.92 OlympicSteel ZEUS .9 4 41.44 +7.38 .09 7.11 1.82 PoseidaTherap PSTX ... dd 7.04 +0.35 ... 8.93 5.15 RockyMtnChoc RMCF ... dd 5.23 –0.42 ...
5.19 1.40 LiveVox LVOX ... dd 2.63 –0.01 ... 104.65 71.78 MonsterBev MNST ... 45 102.08 –0.35 ... 161.39 77.28 OmegaFlex OFLX 1.3 39 96.72 +4.72 .32 7.30 4.31 Potbelly PBPB ... dd 7.14 +1.70 ... 10.00 2.52 RoivantSciences ROIV ... dd 9.87 +0.62 ...
8.10 1.82 LixiangEduc LXEH ... ... 2.95 +0.15 ... 15.83 6.05 MonteRosaTherap GLUE ... dd 7.81 –0.15 ... 14.31 1.98 OmegaTherap OMGA ... dd 8.65 +1.36 ... 58.71 39.10 PotlatchDelt PCH 4.1 8 44.36 –0.16 .95 179.68 38.26 Roku ROKU ... dd 50.82 +7.22 ...
2.34 0.38 Lizhi LIZI ... 5 .98 +0.02 ... 10.50 9.88 MontereyBioAcqn MTRY ... dd 10.40 +0.06 ... 7.75 1.74 Omeros OMER ... dd 2.90 +0.07 ... 39.21 18.81 PowellIndustries POWL 2.7 34 39.01 +2.41 .26 48.60 4.06 Root ROOT ... dd 5.29 +0.89 ...
26.48 14.43 LoganRidgeFin LRFC ... dd 22.85 +0.28 ... 10.16 9.80 MontereyCapA MCAC ... dd 10.10 +0.05 ... 10.50 1.91 OmniAb OABI ... dd 3.85 +0.54 ... 10.60 9.70 Pwr&Digital II A XPDB ... dd 10.12 ... ... 11.33 9.89 RoseHillAcqn ROSE ... 19 10.79 +0.49 ...
10.05 9.61 LogisticsInnovA LITT ... 29 10.01 +0.01 ... 0.30 0.08 MontereyCapRt MCACR ... ... .19 –0.04 ... 166.12 46.11 Omnicell OMCL ... 56 57.06 +4.73 ... 98.92 59.16 PowerIntegrations POWI .9 26 82.17 +6.45 .18 122.45 69.24 RossStores ROST 1.0 29 120.01 –1.56 .31
85.06 41.81 LogitechIntl LOGI 1.8 18 54.74 –11.26.9781 298.92 207.11 Morningstar MORN .6 84 240.92 +17.46 .375 11.55 9.79 OmniLitAcqnA OLIT ... cc 10.08 +0.09 ... 4.66 2.06 PowerFleet PWFL ... dd 2.59 –0.06 ... 10.64 9.67 RothCHAcqnV ROCL ... dd 10.14 +0.03 ...
6.47 2.70 LongboardPharm LBPH ... dd 5.91 +0.82 ... 47.66 19.23 Morphic MORF ... dd 31.72 +4.40 ... 77.28 44.76 ON Semi ON ... 17 65.15 +2.68 ... 10.60 9.94 PowerUpAcqn PWUP ... cc 10.34 +0.02 ... 7.27 3.14 Rover ROVR ... 92 3.76 –0.07 ...
10.69 2.05 LoopIndustries LOOP ... dd 2.57 –0.14 ... 8.61 3.17 MorphoSys MOR ... dd 4.57 +0.69 ... 2.26 0.24 Oncocyte OCX ... dd .49 +0.10 ... 17.75 1.48 PraxisPrecision PRAX ... dd 3.56 +1.04 ... 147.70 84.54 RoyalGold RGLD 1.2 31 128.65 +3.86 .375
3.79 0.87 LordstownMotors RIDE ... dd 1.15 +0.26 ... 19.93 9.80 MotorcarParts MPAA ... dd 13.81 +1.19 ... 4.36 0.23 Oncorus ONCR ... dd .36 +0.07 ... 3.25 1.12 Precigen PGEN ... dd 2.01 +0.41 ... 44.75 36.15 RoyaltyPharma RPRX 2.0 34 39.37 +1.28 .20
5.18 0.15 Lottery.com LTRY ... dd .25 +0.07 ... 15.05 8.41 MountRainierAcqn RNERU ... ... 9.09 –1.01 ... 25.24 5.82 1-800-FLOWERS FLWS ... 91 10.43 +0.31 ... 5.98 0.95 PrecisionBio DTIL ... dd 1.37 +0.01 ... 8.84 0.14 RubiusTherap RUBY ... dd .29 +0.11 ...
63.41 17.60 Lovesac LOVE ... 13 26.59 +0.12 ... 16.98 7.88 MountRainier RNER ... dd 8.60 –0.76 ... 7.90 5.11 180DegreeCap TURN ... dd 5.57 +0.26 ... 81.97 64.10 PreferredBankLA PFBC 3.0 9 74.03 +0.95 .55 56.86 42.72 RushEnt A RUSHA 1.6 8 51.78 –1.16 .21
34.17 0.71 LoyaltyVentures LYLT ... dd 1.97 –0.45 ... 10.60 9.96 MountainI A MCAA ... dd 10.42 +0.03 ... 17.55 5.94 1LifeHealthcare ONEM ... dd 16.42 ... ... 96.00 54.97 PreformedLine PLPC .9 9 87.37 +7.31 .20 60.01 44.18 RushEnt B RUSHB 1.5 9 55.58 –0.43 .21
4.34 1.15 LucidDiag LUCD ... dd 1.30 +0.02 ... 0.39 0.03 MountainCrestVRt MCAGR ... ... .18 –0.04 ... 4.00 1.37 111 YI ... dd 3.15 –0.21 ... 10.72 3.87 PreludeTherap PRLD ... dd 6.01 +1.40 ... 24.93 14.65 RuthsHospitality RUTH 3.1 15 18.11 +1.13 .14
43.40 6.09 Lucid LCID ... dd 8.15 +1.79 ... 10.45 9.69 MountainCrestV MCAG ... dd 10.06 –0.01 ... 11.84 4.77 1stdibs.com DIBS ... dd 5.93 +0.65 ... 32.89 24.35 PremierFinl PFC 4.3 10 27.80 +0.10 .30 16.99 9.20 RxSight RXST ... dd 13.08 +0.17 ...
7.05 0.11 LuciraHealth LHDX ... dd .31 –0.08 ... 17.75 2.40 MultiMetaVerse MMV ... dd 2.92 –8.71 ... 55.81 27.10 OneWaterMarine ONEW ... 3 30.23 +1.03 ... 40.48 30.82 Premier PINC 2.5 22 33.61 –1.40 .21 125.75 55.90 Ryanair RYAAY ... 20 92.54 +5.60 ...
21.29 2.16 Lulu'sFashion LVLU ... dd 2.80 +0.43 ... 10.55 9.93 MurphyCanyonA MURF ... dd 10.32 +0.01 ... 4.39 0.34 Ontrak OTRK ... dd .57 +0.19 ... 8.75 1.24 Prenetics PRE ... dd 1.77 –0.13 ... S
410.70 251.51 lululemon LULU ... 35 315.47 –13.79 ... 12.11 3.37 Mynaric MYNA ... dd 4.30 +0.65 ... 11.00 9.87 OnyxAcqnIA ONYX ... cc 10.35 +0.03 ... 10.70 1.61 PrestoAutomation PRST ... 4 2.83 +0.59 ...
106.66 48.73 Lumentum LITE ... 36 57.58 +2.42 ... 28.18 13.92 MyriadGenetics MYGN ... dd 18.67 +2.28 ... 21.12 6.11 OpenLending LPRO ... 10 8.07 +0.92 ... 88.30 56.29 PriceSmart PSMT 1.2 20 69.81 +7.24 .43 38.39 26.51 S&T Bancorp STBA 3.7 11 33.96 –0.64 .31
16.80 3.91 LuminarTech LAZR ... dd 6.02 +2.07 ... 48.46 24.91 OpenText OTEX 3.0 60 32.61 +2.14 .243 21.73 14.52 PrimeMedicine PRME ... dd 15.96 –0.81 ... 379.99 236.20 SBA Comm SBAC .9 83 306.55 +15.10 .71
N 12.09 0.92 OpendoorTech OPEN ... dd 1.66 +0.51 ... 6.10 1.42 SCYNEXIS SCYX ... dd 1.88 +0.23 ...
10.00 0.77 LumiraDx LMDX ... dd .89 –0.01 ... 10.52 9.88 PrimeNumberI A PNAC ... ... 10.20 +0.02 ...
10.27 2.95 LumosPharma LUMO ... dd 4.00 +0.06 ... 31.30 15.39 Napco Security NSSC ... 60 29.45 +2.79 ... 7.57 3.92 Opera OPRA .0 dd 6.89 +0.76 .75 0.25 0.08 PrimeNumberI Rt PNACR ... ... .24 +0.08 ... 63.49 46.30 SEI Investments SEIC 1.3 17 62.07 +0.91 .43
14.38 10.69 LutherBurbank LBC 4.0 7 12.07 +1.05 .12 48.68 34.58 NBT Bancorp NBTB 2.7 12 44.01 +1.19 .30 20.30 4.03 OportunFin OPRT ... dd 6.00 +0.59 ... 16.13 11.66 PrimisFinl FRST 3.3 14 12.08 +0.15 .10 10.35 9.93 ShuaaPtrsI A SHUA ... dd 10.34 –0.01 ...
8.74 2.74 LyellImmuno LYEL ... dd 3.23 –0.04 ... 18.25 2.92 NGM Biopharm NGM ... dd 5.30 +0.44 ... 8.50 4.51 Opthea OPT ... ... 4.96 +0.08 ... 27.94 15.90 PrimorisSvcs PRIM 1.0 11 24.83 +1.72 .06 23.71 11.14 SI-BONE SIBN ... dd 16.11 +3.40 ...
45.65 9.66 Lyft LYFT ... dd 14.49 +2.55 ... 274.01 164.65 NICE NICE ... 54 199.01 +11.19 ... 5.75 3.26 OpticalCable OCC ... dd 4.02 –0.12 ... 33.00 26.57 PrincetonBncp BPRN 3.1 8 32.11 +0.31 .25 26.99 5.84 SIGA Tech SIGA .0 6 8.42 +1.18 .45
27.25 15.33 NMI Holdings NMIH ... 7 21.50 +1.36 ... 4.30 1.60 Optinose OPTN ... dd 1.80 –0.12 ... 12.50 9.87 SKGrowthOppsA SKGR ... cc 10.25 +0.02 ...
8.18 2.35 LyraTherap LYRA ... dd 2.77 –0.23 ... 35.87 21.32 OptionCare OPCH ... 29 28.94 –0.46 ... 96.17 61.05 PrincipalFin PFG 2.9 4 89.32 +1.86 .64 20.80 13.72 SLM SLM 2.5 6 17.28 +0.62 .11
M 4.25 1.25 NN NNBR ... dd 2.05 +0.40 ... 44.64 17.99 PriviaHealth PRVA ... dd 25.61 +4.10 ...
4.47 0.49 NRX Pharm NRXP ... dd 1.40 +0.24 ... 9.42 2.62 OraSureTechs OSUR ... dd 5.16 +0.29 ... 19.19 12.08 SLR Invt SLRC10.8 cc 15.12 +0.82.1367
1.87 0.70 OrganiGram OGI ... dd .99 +0.17 ... 10.20 4.10 Procaps PROC ... dd 4.98 +0.24 ... 33.24 12.04 SMART Global SGH ... cc 16.68 +1.06 ...
72.64 42.85 Macom Tech MTSI ... 10 64.17 –0.74 ... 225.39 132.08 NXP Semi NXPI 2.0 17 171.82 +12.19 .845 31.25 18.67 ProfessionalHldg PFHD ... 19 29.18 +0.86 ...
10.71 9.82 MeliKaszek MEKA ... 5 10.10 +0.09 ... 13.95 0.92 NanoLabs NA ... ... 1.40 +0.31 ... 13.09 2.36 OricPharm ORIC ... dd 5.92 +0.27 ... 4.35 0.73 SPI Energy SPI ... dd 1.34 +0.40 ...
47.28 35.36 OriginBancorp OBNK 1.6 11 37.71 +1.13 .15 27.00 13.18 ProFrac ACDC ... dd 24.93 +2.55 ... 37.52 26.11 SP Plus SP ... 16 37.00 +1.64 ...
86.27 61.67 MGE Energy MGEE 2.3 25 72.12 +0.66.4075 16.44 6.41 NanoXImaging NNOX ... dd 8.63 +1.19 ... 54.23 40.33 ProgressSoftware PRGS 1.3 28 53.76 +1.70 .175 146.81 96.41 SPS Commerce SPSC ... 95 132.90 +6.59 ...
125.74 73.02 MGP Ingredients MGPI .5 20 104.56 +3.97 .12 9.17 2.32 Nanobiotix NBTX ... dd 4.28 +0.26 ... 36.13 13.76 OrthofixMed OFIX ... dd 19.35 –0.81 ...
60.75 35.67 OrthoPediatrics KIDS ... cc 45.14 +1.79 ... 53.10 25.67 Progyny PGNY ... 79 33.28 +5.12 ... 5.50 1.15 SRAX SRAX ... ... 2.12 +0.71 ...
1.67 0.37 MindTech MIND ... dd .53 +0.06 ... 41.00 4.37 NanoStringTech NSTG ... dd 10.14 +2.20 ... 10.45 9.23 ProjectEnReimag PEGR ... 20 10.07 +0.02 ... 83.59 45.25 SS&C Tech SSNC 1.4 21 55.67 +2.27 .20
180.70 64.77 MKS Instrum MKSI .9 13 100.72 +3.24 .22 15.75 1.57 NantHealth NH ... dd 3.43 +0.01 ... 82.46 52.60 OtterTail OTTR 2.6 9 62.99 +2.83.4125
15.70 3.33 Outbrain OB ... 11 4.30 +0.27 ... 122.75 21.50 PrometheusBio RXDX ... dd 121.25 +14.76 ... 24.58 12.84 SSR Mining SSRM 1.6 17 17.40 +0.17 .07
11.70 0.91 MSP Recovery LIFW ... dd 1.53 +0.07 ... 69.22 46.77 Nasdaq NDAQ 1.3 28 63.35 +1.70 .20 11.30 4.57 ProSomnus OSA ... dd 5.32 –0.19 ... 705.90 198.10 SVB Fin SIVB ... 9 252.73 +6.94 ...
102.03 74.77 MYR Group MYRG ... 22 100.89 +4.59 ... 74.82 26.10 Natera NTRA ... dd 41.82 +4.89 ... 48.71 11.41 OutsetMedical OM ... dd 26.88 +1.25 ...
59.46 17.05 Overstock OSTK ... cc 20.50 +1.79 ... 8.94 6.09 ProspectCapital PSEC 9.8 14 7.36 +0.30 .06 16.60 11.44 SabraHealthcare SBRA 9.1 dd 13.12 –0.14 .30
11.84 8.38 Macatawa MCBC 2.9 13 11.14 +0.04 .08 71.89 45.50 Nathan's NATH 2.5 17 70.65 +1.40 .45 3.55 1.41 OvidTherap OVID ... dd 2.38 +0.50 ... 36.16 6.91 ProtagonistTherap PTGX ... dd 12.17 +0.50 ... 12.08 4.46 Sabre SABR ... dd 6.79 +0.07 ...
14.52 2.13 Macrogenics MGNX ... dd 5.29 –0.41 ... 57.65 38.10 NationalBeverage FIZZ ... 31 44.91 –0.21 ... 8.41 4.83 OxfordLane OXLC15.6 5 5.77 +0.49 .075 6.70 2.38 ProtaraTherap TARA ... dd 3.36 +0.37 ... 99.75 76.78 SafetyInsurance SAFT 4.2 23 85.76 –0.48 .90
315.45 52.33 MadrigalPharm MDGL ... dd 299.98 +18.86 ... 3.41 0.22 NatlCineMedia NCMI37.3 dd .32 +0.03 .03 4.29 2.82 OxfordSquare OXSQ12.0 dd 3.50 +0.22 .035 10.21 3.48 Proterra PTRA ... dd 4.96 +1.30 ... 29.75 21.50 SagaComm SGA 3.9 18 25.62 +0.87 2.00
4.72 0.32 MagentaTherap MGTA ... dd .54 +0.05 ... 47.95 29.81 NatlInstruments NATI 2.4 45 46.97 +9.60 .28 66.47 21.06 Prothena PRTA ... dd 56.90 +3.26 ... 10.99 9.60 SagaliamAcqnA SAGA ... dd 10.40 ... ...
20.24 14.01 MagicSoftware MGIC 3.7 24 15.63 –0.18 .29 42.75 30.93 NatlResearch NRC 1.1 31 42.36 +2.18 .12 PQ 10.88 3.19 ProventionBio PRVB ... dd 10.30 +1.20 ... 49.56 27.36 SageTherap SAGE ... dd 45.58 +5.29 ...
15.37 5.59 Magnite MGNI ... dd 9.92 –0.31 ... 45.86 22.59 NationalVision EYE ... 59 40.54 +0.08 ... 40.00 23.52 PAM Transport PTSI ... 6 28.02 +2.41 ... 17.37 13.29 ProvidentFin PROV 3.9 13 14.49 +0.35 .14 304.49 168.03 Saia SAIA ... 18 242.09 +19.34 ...
13.45 11.32 MagyarBancorp MGYR .9 11 12.86 +0.01 .08 309.25 166.94 NatlWesternLife NWLI .1 8 271.75 –16.24 .36 7.29 4.90 P&FIndustries PFIN .0 cc 5.25 +0.07 .05 31.85 12.19 PubMatic PUBM ... 18 14.19 +0.99 ... 4.19 1.00 SalemMedia SALM ... 2 1.28 +0.09 ...
34.68 20.06 MakeMyTrip MMYT ... dd 27.76 +0.56 ... 13.71 7.04 NaturalAlt NAII ... 7 9.75 +0.32 ... 26.04 17.59 PCB Bancorp PCB 3.3 7 18.26 +0.42 .15 29.56 4.07 Pulmonx LUNG ... dd 8.92 +1.13 ... 11.62 3.15 SanaBiotech SANA ... dd 4.73 +1.10 ...
72.47 46.30 MalibuBoats MBUU ... 7 58.77 +1.40 ... 5.07 1.50 NautilusBiotech NAUT ... dd 2.06 +0.28 ... 56.68 40.08 PCConnection CNXN .0 14 49.76 +2.59 .34 5.16 1.60 PumaBiotech PBYI ... 22 4.82 ... ... 51.78 32.33 SandySpringBncp SASR 3.8 9 35.59 +0.38 .34
18.00 14.11 MalvernBancorp MLVF ... 19 17.86 +0.24 ... 21.93 12.45 Navient NAVI 3.6 5 17.61 +0.60 .16 5.68 3.90 PCTEL PCTI 4.4 81 5.04 +0.72 .055 43.57 18.15 PureTechHealth PRTC ... dd 29.49 –2.42 ... 88.89 67.02 Sanfilippo JBSS .9 17 85.08 +2.50 1.00
8.79 1.35 MammothEnergy TUSK ... dd 8.09 +0.77 ... 12.30 3.11 NavitasSemi NVTS ... dd 4.58 +0.76 ... 89.22 51.18 PDC Energy PDCE 2.1 3 66.61 +5.50 .65 11.06 2.65 PurpleInnovation PRPL ... dd 5.76 +0.73 ... 6.42 2.72 SangamoTherap SGMO ... dd 3.64 +0.33 ...
155.81 106.02 ManhattanAssoc MANH ... 70 122.40 +3.79 ... 37.07 17.59 Nayax NYAX ... dd 20.00 +1.10 ... 32.56 19.34 PDF Solutions PDFS ... dd 30.59 +1.91 ... 8.50 4.10 Puyi PUYI ... dd 6.84 –0.46 ... 16.40 3.67 SangomaTechs SANG ... dd 4.90 +0.29 ...
39.32 15.49 Mannatech MTEX 4.8 7 16.54 –0.16 .20 55.40 22.97 nCino NCNO ... dd 27.44 +2.14 ... 51.72 25.49 PENN Entmt PENN ... 23 32.77 +2.45 ... 10.58 1.10 PyxisOncology PYXS ... dd 1.53 +0.08 ... 69.28 35.36 Sanmina SANM ... 15 60.95 +4.28 ...
5.47 2.49 MannKind MNKD ... dd 4.83 –0.13 ... 8.98 5.46 NecessityRetail RTL 13.4 dd 6.35 +0.15.2125 23.45 2.46 PLBY Group PLBY ... dd 2.78 +0.08 ... 62.85 46.83 QCR Holdings QCRH .5 9 50.40 +0.50 .06 58.10 36.91 Sanofi SNY 2.6 17 49.27 +1.13.2972
41.82 12.16 MaravaiLifeSci MRVI ... 8 13.83 +0.66 ... 12.59 1.99 NektarTherap NKTR ... dd 2.52 +0.10 ... 24.27 7.57 PMV Pharm PMVP ... dd 8.24 –0.42 ... 2.64 0.70 QilianIntl QLI ... 41 1.02 +0.17 ... 32.55 16.18 SapiensInt SPNS 3.3 22 21.22 +2.12 .47
10.29 9.76 MarblegateAcqn GATE ... cc 10.02 ... ... 25.87 10.69 NeoGames NGMS ... dd 12.26 –0.23 ... 50.92 29.69 PRA Group PRAA ... 11 35.54 +0.79 ... 148.86 75.38 Qorvo QRVO ... 16 100.40 +7.05 ... 8.16 0.51 SarcosTech&Robotic STRC ... dd .78 +0.12 ...
2.61 1.23 Marchex MCHX ... dd 1.79 –0.01 ... 39.03 10.49 Neogen NEOG ... cc 17.86 +1.49 ... 52.40 15.38 ProceptBio PRCT ... dd 36.48 –2.87 ... 192.10 101.93 Qualcomm QCOM 2.5 11 120.24 +4.90 .75 134.08 61.28 SareptaTherap SRPT ... dd 126.70 +4.43 ...
4.27 0.91 MarinSoftware MRIN ... dd 1.11 +0.10 ... 3.87 0.38 NeoleukinTherap NLTX ... dd .58 +0.06 ... 133.14 96.55 PTC PTC ... 49 129.69 +7.00 ... 32.81 9.32 QualtricsIntl XM ... dd 10.59 +0.37 ... 8.08 0.59 SatsumaPharm STSA ... dd 1.07 +0.15 ...
12.37 3.47 MarinusPharma MRNS ... dd 4.94 +0.30 ... 16.61 7.07 NerdWallet NRDS ... dd 10.30 +0.76 ... 55.58 25.01 PTC Therap PTCT ... dd 47.78 +8.45 ... 162.36 101.10 Qualys QLYS ... 41 105.50 +2.77 ... 1.91 1.02 Savara SVRA ... dd 1.83 +0.09 ...
390.13 217.44 MarketAxess MKTX .9 51 329.02 +15.02 .70 96.82 58.08 NetApp NTAP 3.1 10 64.66 +1.01 .50 107.18 77.00 Paccar PCAR 1.5 14 102.67 +2.35 .25 35.98 6.31 Quanterix QTRX ... dd 13.19 +0.25 ... 41.01 25.75 ScanSource SCSC ... 9 32.37 +2.18 ...
6.32 1.52 MarketWise MKTW ... 3 2.01 +0.31 ... 108.77 53.09 NetEase NTES 1.7 17 88.36 +6.85 .435 14.20 3.85 PacBiosciCA PACB ... dd 10.96 +2.56 ... 5.61 1.00 Quantum QMCO ... dd 1.58 +0.36 ... 59.70 25.96 SchnitzerSteel SCHN 2.2 10 34.39 +2.28.1875
14.75 5.64 Marqeta MQ ... dd 6.59 +0.50 ... 538.37 162.71 Netflix NFLX ... 30 332.82 +17.27 ... 44.49 27.92 PacificPremBncp PPBI 4.2 10 31.80 +0.43 .33 5.95 1.64 Quantum-Si QSI ... dd 2.21 +0.49 ... 21.17 4.33 ScholarRock SRRK ... dd 12.04 +2.68 ...
195.90 131.01 Marriott MAR 1.0 25 161.78 +8.40 .40 29.78 17.40 Netgear NTGR ... dd 20.46 +1.43 ... 82.16 36.38 PaciraBioSci PCRX ... 95 37.42 +0.34 ... 9.50 1.07 Quhuo QH ... ... 1.57 +0.09 ... 48.28 28.22 Scholastic SCHL 1.9 24 42.79 +1.97 .20
23.43 15.76 MartenTransport MRTN 1.2 15 20.12 +0.27 .06 38.02 28.69 NetScout NTCT ... 47 31.68 –0.44 ... 12.67 8.31 PactivEvergreen PTVE 3.6 6 10.96 –0.65 .10 120.61 66.88 QuidelOrtho QDEL ... 4 84.58 –6.19 ... 37.25 15.85 Schrodinger SDGR ... dd 23.83 +5.74 ...
5.98 2.57 MartinMidstream MMLP .6 cc 3.25 –0.10 .005 129.29 72.28 Neurocrine NBIX ... cc 108.99 –14.03 ... 51.81 21.29 PacWestBancorp PACW 4.1 6 24.40 +0.84 .25 10.87 0.54 QuinceTherap QNCX ... dd .77 +0.07 ... 10.14 9.71 SchultzeSpecII A SAMA ... dd 10.14 +0.04 ...
83.13 33.75 MarvellTech MRVL .6 dd 40.67 +4.57 .06 6.95 1.98 Neuronetics STIM ... dd 6.27 –0.34 ... 213.63 132.22 PaloAltoNtwks PANW ... dd 138.86 +4.01 ... 16.64 8.28 QuinStreet QNST ... dd 15.67 +0.74 ... 9.97 0.32 Science37 SNCE ... dd .39 –0.03 ...
239.84 108.89 Masimo MASI ... 52 156.75 +2.40 ... 10.95 1.22 NeuroPace NPCE ... dd 3.40 +1.82 ... 95.20 43.64 Palomar PLMR ... 27 51.85 +5.05 ... 21.93 3.04 QurateRetailB QRTEB ... dd 5.15 +0.04 ... 16.24 10.60 SciPlay SCPL ... 23 16.01 +0.51 ...
29.69 18.49 MasterCraftBoat MCFT ... 10 28.71 +1.75 ... 63.06 19.17 NewFortressEner NFE 7.7 29 38.84 +0.84 3.00 30.56 13.40 PanAmerSilver PAAS 2.1 dd 18.80 +1.06 .10 8.09 1.42 QurateRetailA QRTEA ... dd 1.94 +0.11 ... 7.96 3.68 scPharm SCPH ... dd 6.34 –0.07 ...
124.14 38.64 MatchGroup MTCH ... cc 46.13 +3.78 ... 14.09 11.09 NewMtnFin NMFC10.0 12 12.81 +0.24 .32 126.62 66.74 PapaJohn's PZZA 2.0 43 82.19 –1.22 .42 2.89 0.30 Qutoutiao QTT ... ... .97 +0.24 ... 10.35 9.45 ScreamingEagleA SCRM ... 54 9.96 +0.01 ...
22.61 8.34 Materialise MTLS ... 71 9.51 +0.94 ... 10.74 9.83 NewProvidenceII A NPAB ... dd 10.24 +0.03 ... 10.65 9.86 PapayaGrowthI A PPYA ... cc 10.25 +0.01 ... R 23.61 9.90 ScrippsEW SSP ... 11 13.91 +0.41 ...
9.14 3.31 MatrixService MTRX ... dd 8.17 +0.39 ... 3.82 2.07 NY Mortgage NYMT13.7 dd 2.93 +0.25 .10 41.87 17.75 ParamountA PARAA 4.1 5 23.42 +1.15 .24 39.31 29.05 SeacoastBkgFL SBCF 2.1 17 32.76 +0.86 .17
26.99 16.21 Mattel MAT ... 12 20.26 +0.35 ... 32.88 7.52 NewAmstPharma NAMS ... dd 10.22 –1.62 ... 39.21 15.29 ParamountB PARA 4.8 4 20.06 +1.03 .24 32.45 9.86 RaptTherap RAPT ... dd 26.30 +3.16 ... 117.03 47.47 Seagate STX 4.9 11 57.26 +1.35 .70
14.35 2.37 Matterport MTTR ... dd 3.11 +0.39 ... 10.70 9.90 NewcourtAcqnA NCAC ... 23 10.36 +0.08 ... 4.53 1.60 ParatekPharma PRTK ... dd 2.40 +0.17 ... 29.09 19.50 RBB Bancorp RBB 2.6 7 21.27 +0.32 .14 183.00 105.43 Seagen SGEN ... dd 132.12 –4.05 ...
37.90 22.12 MatthewsIntl MATW 2.5 dd 37.15 +0.05 .23 26.45 12.25 NewellBrands NWL 6.0 11 15.41 +1.01 .23 14.61 0.75 PardesBiosci PRDS ... dd 2.00 –0.22 ... 97.45 46.49 RCI Hospitality RICK .2 19 95.10 +1.49 .05 10.28 9.83 SeaportCalibre SCMA ... 28 10.28 +0.03 ...
7.86 3.36 MaxCyte MXCT ... dd 5.49 +0.26 ... 11.20 9.70 NewHoldInvtIIA NHIC ... dd 10.11 –0.01 ... 23.47 9.23 Park-Ohio PKOH 3.5 dd 14.15 +1.85 .125 28.82 5.22 RCM Tech RCMT ... 6 13.06 +0.18 ... 10.24 9.80 SeaportGlblAcqnII SGII ... 23 10.22 ... ...
27.99 7.48 MaxeonSolar MAXN ... dd 22.39 +4.63 ... 18.43 7.42 Newmark NMRK 1.4 8 8.73 +0.25 .03 9.49 6.58 PartnerComms PTNR ... 21 7.41 +0.78 ... 5.28 0.29 REE Automotive REE ... dd .45 +0.05 ... 10.62 9.20 SeaportGlblAcqnII SGIIU ... ... 10.20 +0.01 ...
66.00 29.27 MaxLinear MXL ... 24 36.96 +3.00 ... 23.73 14.87 NewsCorp A NWSA 1.0 25 19.46 +0.46 .10 5.78 1.04 PassageBio PASG ... dd 1.64 –0.24 ... 35.73 18.69 REGENXBIO RGNX ... 16 24.55 +1.70 ... 16.23 5.28 SecureWorks SCWX ... dd 7.12 +0.76 ...
10.50 9.92 MaxproCapA JMAC ... dd 10.42 +0.06 ... 24.16 15.15 NewsCorp B NWS 1.0 25 19.82 +0.62 .10 63.82 31.16 PathwardFinl CASH .4 9 46.72 +1.16 .05 10.16 9.80 RF Acqn A RFAC ... dd 10.16 +0.03 ... 9.49 5.77 SecurityNatFin SNFCA ... 17 7.39 +0.13 ...
101.78 71.17 McGrathRent MGRC 1.8 24 100.74 +0.16 .455 28.42 14.75 NewtekBusSvcs NEWT 15.1 ... 18.21 +2.50 .70 19.20 12.25 PatriaInvts PAX 4.7 31 15.06 +0.98 .171 7.79 4.88 RF Industries RFIL ... 43 5.88 +0.38 ... 19.73 3.92 Seer SEER ... dd 5.20 +0.60 ...
10.55 9.85 McLarenTechA MLAI ... ... 10.25 ... ... 4.91 0.19 NexImmune NEXI ... dd .40 +0.08 ... 10.85 9.95 PatriaLatAm PLAO ... 59 10.41 +0.05 ... 24.55 18.01 RGC Resources RGCO 3.4 dd 23.42 +0.87.1975 2.78 0.65 SelectaBiosci SELB ... 5 1.69 +0.46 ...
10.05 5.42 MedallionFin MFIN 4.2 4 7.60 +0.63 .08 204.62 151.01 NexstarMedia NXST 2.0 7 184.09 +0.10 .90 77.50 41.75 PatrickIndustries PATK 2.7 5 66.24 +2.66 .45 11.24 9.82 ROC Energy ROC ... dd 10.28 ... ... 98.80 66.81 SelectiveIns SIGI 1.3 25 95.43 +3.56 .30
3.18 1.95 MediciNova MNOV ... dd 2.48 +0.09 ... 5.74 1.16 NextCure NXTC ... dd 1.61 –0.01 ... 18.00 9.75 PatriotNatBncp PNBK ... 7 10.35 –0.25 ... 0.27 0.03 ROC Energy Rt ROCAR ... ... .14 –0.03 ... 49.49 2.50 SelinaHosp SLNA ... 11 3.44 +0.44 ...
21.76 8.05 MediWound MDWD ... dd 13.56 +0.92 ... 21.99 16.13 NextGenHlthcr NXGN ... 61 18.03 –0.13 ... 8.75 6.95 PatriotTransport PATI ... 4 7.69 +0.42 ... 27.86 6.71 R1 RCM RCM ... cc 12.42 –0.01 ... 11.34 0.55 Semantix STIX ... dd 1.22 +0.20 ...
235.72 126.95 Medpace MEDP ... 35 228.56 +18.27 ... 11.88 5.23 NicholasFin NICK ... dd 6.33 +0.23 ... 35.29 23.87 Patterson PDCO 3.6 14 28.63 +0.32 .26 2.99 0.99 RVL Pharm RVLP ... dd 1.25 +0.21 ... 10.38 9.87 SemperParatusA LGST ... cc 10.34 +0.01 ...
14.94 2.60 MeihuaIntlMed MHUA ... ... 8.82 +0.01 ... 11.87 2.01 Nikola NKLA ... dd 2.55 +0.42 ... 20.53 8.77 PattersonUTIEn PTEN 1.8 dd 17.37 +0.49 .08 13.71 2.51 RackspaceTech RXT ... dd 2.82 +0.13 ... 81.01 25.29 Semtech SMTC ... 14 31.24 +0.91 ...
18.85 5.70 MeiraGTx MGTX ... dd 6.99 +0.39 ... 1.23 0.16 9F JFU ... dd .19 –0.01 ... 141.92 105.66 Paychex PAYX 2.6 30 120.31 +2.86 .79 16.52 7.97 RadiusGlbInfr RADI ... dd 13.00 +1.10 ... 68.74 44.19 SenecaFoods A SENEA ... 11 63.49 +2.22 ...
14.15 4.06 MelcoResorts MLCO ... dd 13.62 +0.68 ... 26.00 6.87 908Devices MASS ... dd 8.83 +1.52 ... 34.95 20.14 PaycorHCM PYCR ... dd 24.27 +1.55 ... 28.22 12.03 RadNet RDNT ... cc 20.00 +1.26 ... 5.45 1.30 SenseiBiotherap SNSE ... dd 1.57 –0.03 ...
1275.82 600.68 MercadoLibre MELI ... cc 1082.92 +209.45 ... 16.15 2.57 NiuTech NIU ... 82 5.43 +0.18 ... 276.88 152.01 Paylocity PCTY ... cc 194.03 +14.31 ... 36.14 17.42 Radware RDWR ... dd 19.56 –0.64 ... 2.84 1.21 SenstarTech SNT ... dd 1.38 +0.04 ...
40.01 29.26 MercantileBank MBWM 3.6 11 35.08 +0.86 .32 20.35 5.06 Nkarta NKTX ... dd 5.57 –0.22 ... 8.04 3.33 Payoneer PAYO ... dd 5.78 +0.63 ... 14.48 2.15 RainOncology RAIN ... dd 10.76 +0.87 ... 10.00 1.20 SentiBiosciences SNTI ... dd 1.89 +0.31 ...
10.50 9.83 MercatoPtrsA MPRA ... 23 10.27 +0.03 ... 23.23 8.22 nLIGHT LASR ... dd 11.98 +0.59 ... 182.00 66.39 PayPal PYPL ... 40 79.48 +3.00 ... 15.89 4.54 Rallybio RLYB ... dd 6.17 +0.04 ... 9.48 1.10 SeraPrognostics SERA ... dd 1.55 +0.20 ...
17.50 10.83 MercerIntl MERC 2.4 3 12.36 +0.24 .075 11.51 0.41 Nogin NOGN ... dd .79 +0.04 ... 42.19 27.71 PeapackGladFinl PGC .5 10 36.47 +0.28 .05 21.73 8.12 RamacoRscs METC 5.3 3 9.38 +0.19 .125 9.49 2.50 SeresTherap MCRB ... dd 5.48 +0.08 ...
72.28 40.48 MercurySystems MRCY ... cc 47.33 –0.05 ... 9.63 4.25 Noodles NDLS ... dd 6.23 +0.57 ... 10.58 9.75 PearlHldgsAcqnA PRLH ... cc 10.26 +0.02 ... 39.59 20.00 Rambus RMBS ... dd 39.32 +2.54 ... 9.57 4.65 ServiceProperties SVC 9.8 dd 8.13 +0.65 .20
1.85 0.30 MereoBioPharma MREO ... dd .89 +0.02 ... 247.08 194.89 Nordson NDSN 1.1 28 243.84 +8.07 .65 102.50 29.05 Pegasystems PEGA .3 dd 35.45 +1.32 .03 53.59 27.06 RangerOil ROCC .7 5 42.49 +3.07 .075 10.32 9.84 7AcqnA SVNA ... 16 10.32 +0.02 ...
34.38 19.91 MeridianBiosci VIVO ... 35 33.66 +0.10 ... 48.50 33.09 NortheastBank NBN .1 8 43.25 +1.51 .01 40.35 6.66 Peloton PTON ... dd 11.63 +2.71 ... 27.13 5.11 RaniTherap RANI ... dd 6.54 +0.04 ... 3.78 0.61 17Educ&Tech YQ ... dd 1.81 –0.15 ...
39.78 27.87 Meridian MRBK 2.4 8 33.00 +1.56 .20 15.00 9.05 NorthernTechsIntl NTIC 2.2 53 12.95 +0.09 .07 20.28 8.68 Pennant PNTG ... cc 11.09 +0.63 ... 8.98 1.12 RapidMicro RPID ... dd 1.35 +0.09 ... 3.72 1.38 Sharecare SHCR ... dd 2.24 +0.62 ...
76.14 50.46 MeritMedical MMSI ... 66 70.35 –0.83 ... 133.72 76.15 NorthernTrust NTRS 3.1 13 98.20 +3.53 .75 27.64 21.60 PennsWoodsBncp PWOD 4.7 11 27.50 +0.14 .32 118.25 26.49 Rapid7 RPD ... dd 33.92 +1.48 ... 7.50 1.85 ShattuckLabs STTK ... dd 2.91 +0.01 ...
13.66 3.00 MerrimackPharm MACK ... dd 12.10 +0.10 ... 17.31 11.87 NorthfieldBanc NFBK 3.3 12 15.91 +0.13 .13 34.63 25.63 PeoplesBncpOH PEBO 5.2 8 28.97 +0.37 .38 8.47 5.60 RealGoodFood RGF ... dd 6.50 –0.10 ... 25.93 15.62 ShenandoahTel SHEN .4 dd 18.10 +1.20 .08
8.34 2.68 MersanaTherap MRSN ... dd 6.06 +0.51 ... 56.77 38.42 NorthrimBanCorp NRIM 3.3 11 54.45 –0.05 .50 33.06 24.42 PeoplesBncpNC PEBK 2.2 12 32.60 +0.14 .18 11.07 1.04 RealReal REAL ... dd 1.50 +0.33 ... 32.43 9.58 ShoalsTech SHLS ... cc 28.32 +5.00 ...
30.81 12.03 Merus MRUS ... dd 15.43 –0.10 ... 10.21 9.69 NorthViewAcqn NVAC ... 35 10.17 –0.02 ... 59.99 46.02 PeoplesFinSvcs PFIS 3.1 8 51.56 +0.90 .40 43.90 18.47 ReataPharm RETA ... dd 38.18 +2.94 ... 320.54 113.36 ShockwaveMed SWAV ... 87 201.91 –6.30 ...
5.74 1.03 MesaAir MESA ... dd 2.42 +0.24 ... 0.25 0.06 NorthViewRt NVACR ... ... .18 ... ... 17.81 4.32 PepGen PEPG ... dd 16.00 +0.94 ... 14.22 4.92 RecursionPharm RXRX ... dd 8.70 +1.26 ... 37.47 19.43 ShoeCarnival SCVL 1.4 7 25.73 +1.10 .09
303.84 114.21 MesaLab MLAB .3 dd 190.51 +14.42 .16 15.35 12.04 NorthwestBcshs NWBI 5.6 14 14.34 +0.15 .20 10.60 9.71 PepperLimeA PEPL ... dd 10.28 +0.17 ... 60.57 46.86 RedRiverBcshs RRBI .6 10 49.79 +0.49 .07 21.41 16.99 ShoreBancshares SHBI 2.7 14 17.75 +0.23 .12
4.94 2.14 Mesoblast MESO ... dd 3.28 +0.34 ... 37.62 24.30 NorthwestPipe NWPX ... 14 35.55 +1.76 ... 186.84 153.37 PepsiCo PEP 2.6 25 175.24 –5.86 1.15 18.64 5.35 RedRobin RRGB ... dd 8.87 +2.51 ... 47.54 17.66 Shyft SHYF .7 28 30.33 +2.27 .05
332.73 88.09 MetaPlatforms META ... 13 136.98 +6.96 ... 63.06 48.68 Northwestern NWE 4.3 19 58.60 –0.65 .63 12.25 9.91 PerceptionCapII PCCT ... dd 10.75 +0.46 ... 54.29 30.98 RedRockResorts RRR 2.3 12 43.54 +0.07 .25 3.38 0.16 Sientra SIEN ... dd .24 +0.02 ...
10.49 9.80 MetalSkyStar MSSA ... ... 10.23 +0.02 ... 34.75 23.00 NorwoodFin NWFL 3.4 10 34.50 +0.35 .29 15.11 9.65 PerdoceoEduc PRDO ... 10 15.03 +0.56 ... 32.77 3.08 Redfin RDFN ... dd 6.15 +1.39 ... 28.34 19.62 SierraBancorp BSRR 4.3 9 21.45 +0.12 .23
0.20 0.06 MetalSkyStarRt MSSAR ... ... .10 +0.01 ... 142.81 67.40 Nova NVMI ... 23 90.57 +3.71 ... 12.71 5.47 PerellaWeinberg PWP 2.7 ... 10.40 +0.66 .07 3.27 0.13 RedHillBio RDHL ... dd .20 +0.03 ... 31.00 13.44 SierraWireless SWIR ... dd 30.99 +0.01 ...
56.79 28.73 Methanex MEOH 1.6 7 44.64 +3.21 .175 162.48 110.84 Novanta NOVT ... 74 150.51 +12.12 ... 116.44 59.79 Perficient PRFT ... 33 75.10 +5.82 ... 11.06 9.78 RedwoodsAcqn RWOD ... ... 10.14 –0.02 ... 18.25 5.35 SightSciences SGHT ... dd 12.40 –0.95 ...
January 16, 2023 BARRON’S 53

D ATA NASDAQ ISSUES FOREIGN MARKETS

52-Week Tick Div 52-Week Tick Div 52-Week Tick Div 52-Week Tick Div 52-Week Tick Div
High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt. High Low Name Sym Yld P/E Last Chg. Amt.
2.23 0.29 SigilonTherap SGTX ... dd .46 +0.10 ... 10.43 9.90 Talon1AcqnA TOAC ... 34 10.41 +0.03 ... 15.10 10.01 ValleyNatlBncp VLY 3.9 11 11.27 –0.05 .11 10.24 1.50 VirginOrbit VORB ... dd 1.66 –0.45 ... 170.87 67.67 Wingstop WING .5 cc 146.00 +8.78 .19
11.02 9.75 SignalHillA SGHL ... cc 10.20 +0.02 ... 128.36 33.52 TandemDiabetes TNDM ... dd 41.25 –4.85 ... 49.40 9.77 Valneva VALN ... dd 14.43 +0.88 ... 38.63 19.59 VirtuFinancial VIRT 4.8 7 20.14 –1.09 .24 259.71 183.94 Winmark WINA 1.1 23 258.17 +10.27 3.00
374.76 106.81 SignatureBank SBNY 1.9 6 118.37 +2.07 .56 9.99 3.18 TangoTherap TNGX ... dd 8.06 +0.29 ... 15.26 6.73 VandaPharm VNDA ... 69 7.67 +0.25 ... 285.77 141.80 VirtusInvtPtrs VRTS 3.1 13 214.78 +9.78 1.65 105.56 76.13 WintrustFin WTFC 1.6 12 87.66 +2.25 .34
23.23 7.80 SilenceTherap SLN ... ... 14.24 –0.52 ... 8.25 1.67 TarenaIntl TEDU ... dd 5.36 +0.33 ... 29.36 18.90 VarexImaging VREX ... 28 20.70 +0.64 ... 10.20 9.78 ViscogliosiBros VBOC ... dd 10.19 +0.06 ... 8.46 1.18 WISeKey WKEY ... dd 2.12 +0.20 ...
49.85 31.30 Silicom SILC ... 21 48.15 +3.06 ... 10.28 9.73 TargetGlbl I A TGAA ... cc 10.28 +0.03 ... 51.60 15.61 VaronisSystems VRNS ... dd 24.61 +1.47 ... 10.36 9.90 VisionSensingA VSAC ... dd 10.34 +0.01 ... 142.34 53.12 Wix.com WIX ... dd 83.10 +8.48 ...
189.53 109.44 SiliconLab SLAB ... 88 150.09 +7.63 ... 21.47 10.80 TarsusPharm TARS ... dd 14.54 –0.42 ... 2.20 0.10 VascularBiogenics VBLT ... dd .15 –0.01 ... 152.10 88.82 Visteon VC ... 34 142.78 +2.72 ... 129.12 79.26 Woodward WWD .7 40 107.65 +5.46 .19
98.65 51.82 SiliconMotion SIMO 3.0 11 65.30 +3.19 .50 43.78 13.60 TaskUs TASK ... 40 17.67 +0.94 ... 6.53 3.52 VastaPlatform VSTA ... dd 4.15 +0.18 ... 16.57 7.39 VitaCoco COCO ... cc 13.55 +0.07 ... 260.46 128.72 Workday WDAY ... dd 167.15 +6.01 ...
58.04 27.21 SilkRoadMed SILK ... dd 57.79 +7.26 ... 6.99 4.97 TatTechnologies TATT ... dd 5.83 +0.52 ... 49.31 16.78 Vaxcyte PCVX ... dd 44.62 –2.03 ... 18.68 7.89 VitalFarms VITL ... dd 16.29 +1.10 ... 228.70 58.44 WorldAcceptance WRLD ... 35 79.03 +10.00 ...
15.40 7.70 SilverSpikeInvt SSIC ... ... 9.31 –0.47 ... 9.55 1.35 TayshaGene TSHA ... dd 2.30 +0.29 ... 10.57 1.24 Vaxxinity VAXX ... dd 2.02 +0.28 ... 23.83 12.28 Vitru VTRU ... 29 22.82 –0.09 ... 10.70 9.70 WorldwideWebbA WWAC ... 44 10.22 +0.04 ...
22.68 15.83 SilvercrestAsset SAMG 3.9 8 18.68 +0.68 .18 10.96 9.89 Tech&TelecomA TETE ... cc 10.67 +0.36 ... 9.45 3.81 VectivBio VECT ... dd 7.69 –1.20 ... 12.52 6.48 VividSeats SEAT ... 46 8.30 +0.53 ... 100.39 50.20 WynnResorts WYNN ... dd 100.25 +6.68 ...
31.95 19.34 SimmonsFirstNat SFNC 3.3 12 22.87 +0.65 .19 91.95 41.79 TechTarget TTGT ... 96 47.44 +2.53 ... 32.35 16.11 VeecoInstr VECO ... 25 20.34 +0.99 ... 19.05 9.94 Vodafone VOD 7.9 14 11.23 +0.48.4482 XYZ
67.59 32.58 SimulationsPlus SLP .6 78 40.23 +5.13 .06 12.78 5.16 Ericsson ERIC 2.7 8 6.06 –0.06.0759 4.87 0.71 VelodyneLidar VLDR ... dd 1.01 +0.22 ... 9.72 3.48 VorBiopharma VOR ... dd 5.87 –0.55 ...
31.04 14.37 SinclairBroadcast SBGI 5.5 1 18.10 +0.91 .25 26.50 6.00 Telesat TSAT ... ... 9.82 +0.25 ... 41.29 9.50 VentyxBiosciences VTYX ... dd 34.77 +2.59 ... 10.78 2.60 VoyagerTherap VYGR ... dd 10.78 +3.82 ... 32.09 15.68 XOMA XOMA ... 68 22.47 +0.38 ...
10.29 1.80 SingularGenomics OMIC ... dd 2.11 +0.10 ... 11.02 1.08 TelesisBio TBIO ... dd 2.15 +0.67 ... 8.49 2.84 VeraBradley VRA ... dd 5.45 +0.44 ... 8.68 0.83 Vroom VRM ... dd 1.05 +0.01 ... 36.36 13.76 XP XP ... 13 16.65 +1.88 ...
6.88 5.69 SiriusXM SIRI 1.6 20 5.96 –0.03.0242 14.32 3.35 Telos TLS ... dd 5.12 +0.23 ... 24.98 5.20 VeraTherap VERA ... dd 6.74 +1.26 ... W 11.60 3.00 XBiotech XBIT ... dd 4.66 +1.05 ...
270.92 73.10 SiTime SITM ... 54 106.53 +1.52 ... 15.15 0.70 TempoAutomation TMPO ... dd 1.31 +0.27 ... 33.23 14.85 Veracyte VCYT ... dd 26.62 +4.23 ... 1.99 0.67 XcelBrands XELB ... dd .85 +0.05 ...
10.70 9.75 SizzleAcqn SZZL ... dd 10.30 +0.02 ... 106.81 23.81 10xGenomics TXG ... dd 43.22 +5.44 ... 23.25 13.59 Veradigm MDRX ... 50 19.22 +1.62 ... 7.12 1.16 WaveLifeSci WVE ... dd 5.46 –0.33 ... 77.66 56.89 XcelEnergy XEL 2.7 23 71.17 –0.12.4875
19.85 15.00 SkywardSpecIns SKWD ... ... 19.10 ... ... 63.61 28.80 Tenable TENB ... dd 37.03 +1.79 ... 2.13 0.29 Verastem VSTM ... dd .61 +0.14 ... 255.31 145.16 WD-40 WDFC 1.9 38 174.64 +13.51 .83 37.18 19.36 Xencor XNCR ... 59 28.30 +1.30 ...
42.41 14.76 SkyWest SKYW ... 8 20.40 +2.12 ... 16.17 1.64 TenayaTherap TNYA ... dd 2.29 +0.33 ... 43.97 17.30 Vericel VCEL ... dd 28.21 +4.33 ... 56.30 37.03 WSFS Financial WSFS 1.2 15 48.69 +2.74 .15 41.39 24.60 XenonPharms XENE ... dd 36.20 –2.06 ...
155.77 76.16 Skyworks SWKS 2.4 13 101.61 +6.17 .62 10.58 10.09 TenXKeaneAcqn TENK ... ... 10.25 +0.06 ... 56.39 31.63 VerintSystems VRNT ... dd 37.32 +1.26 ... 14.57 3.28 WW Intl WW ... dd 4.43 –0.04 ... 2.95 0.97 XerisBiopharma XERS ... dd 1.28 +0.23 ...
78.42 23.61 SleepNumber SNBR ... 15 34.13 +6.20 ... 164.71 67.81 Teradyne TER .5 22 97.44 +6.20 .11 229.23 155.25 VeriSign VRSN ... 28 213.91 +8.60 ... 13.13 1.96 Wag! PET ... dd 2.84 +0.19 ... 23.92 11.80 Xerox XRX 6.0 dd 16.73 +0.32 .25
4.95 1.37 SmartSand SND ... dd 2.14 +0.40 ... 10.67 1.45 TernsPharm TERN ... dd 9.04 –0.09 ... 222.11 156.05 VeriskAnalytics VRSK .7 29 183.95 +1.07 .31 54.39 30.39 WalgreensBoots WBA 5.2 dd 36.78 +0.17 .48 16.34 1.95 XilioTherap XLO ... dd 2.66 –0.06 ...
2.19 0.60 SmartShareGlbl EM ... dd 1.35 –0.05 ... 25.60 17.93 TerritorialBncp TBNK 3.7 13 25.06 +0.06 .10 43.33 26.14 Veritex VBTX 2.8 10 28.96 +1.03 .20 18.82 6.87 WalkMe WKME ... dd 9.16 –0.70 ... 64.35 26.61 Xometry XMTR ... dd 28.37 +0.72 ...
3.10 0.31 SmileDirectClub SDC ... dd .70 +0.29 ... 384.29 101.81 Tesla TSLA ... 38 122.40 +9.34 ... 20.25 4.57 Veritone VERI ... dd 6.82 +1.69 ... 31.55 8.82 WarnerBrosA WBD ... dd 13.14 +1.82 ... 3.55 0.43 Xos XOS ... dd .99 +0.18 ...
18.25 8.21 Smith&Wesson SWBI 3.9 6 10.25 +1.08 .10 6.66 4.03 TesscoTech TESS ... 67 5.08 +0.16 ... 26.44 3.41 VeronaPharma VRNA ... dd 23.92 –1.35 ... 44.64 21.57 WarnerMusic WMG 2.0 31 32.58 –5.33 .16 2.23 0.85 Xunlei XNET ... 8 2.23 +0.18 ...
21.13 7.02 SnapOne SNPO ... dd 8.69 +0.70 ... 169.95 118.55 TetraTech TTEK .6 30 148.56 +11.17 .23 9.22 1.77 VerricaPharm VRCA ... dd 4.85 +0.97 ... 39.17 29.46 WashingtonFederal WAFD 2.6 9 36.35 +2.89 .24 20.48 2.94 Y-mAbsTherap YMAB ... dd 4.77 ... ...
3.17 0.50 SoYoungIntl SY ... dd 1.79 –0.05 ... 71.60 48.79 TexasCapBcshs TCBI ... 20 62.45 +0.91 ... 12.15 6.55 VersaBank VBNK 1.0 12 7.55 ....0182 60.10 45.60 WashTrBcp WASH 4.6 11 48.26 –0.06 .56 11.45 2.34 Yellow YELL ... dd 2.75 +0.31 ...
10.50 9.68 SocialLvgI A SLAC ... 74 10.05 +0.07 ... 191.34 144.46 TexasInstruments TXN 2.8 19 179.01 +3.85 1.24 19.30 9.44 Vertex VERX ... dd 12.36 –0.13 ... 21.37 15.70 WaterstoneFinl WSBF 4.6 13 17.54 +0.27 .20 47.95 36.85 YorkWater YORW 1.8 34 45.43 +0.74.2027
16.47 4.24 SoFiTech SOFI ... dd 5.44 +0.82 ... 102.68 68.58 TexasRoadhouse TXRH 1.8 26 100.97 +7.45 .46 324.75 221.69 VertexPharm VRTX ... 24 300.94 +10.73 ... 55.36 16.96 WeatherfordIntl WFRD ... dd 54.41 +4.52 ... 10.10 9.80 YottaAcqn YOTA ... ... 10.10 +0.01 ...
20.02 12.87 Sohu.com SOHU ... dd 15.83 +0.66 ... 32.69 16.59 TheBancorp TBBK ... 15 30.27 +0.67 ... 43.00 10.70 VerveTherap VERV ... dd 22.94 +2.50 ... 36.44 10.02 Weibo WB ... 80 20.69 +1.01 ... 0.18 0.06 YottaAcqnRt YOTAR ... ... .18 +0.04 ...
8.08 3.94 SolGelTech SLGL ... 22 4.72 +0.44 ... 23.00 1.99 TherapeuticsMD TXMD ... dd 5.40 –0.10 ... 11.80 4.89 ViaRenewables VIA 12.6 dd 5.75 +0.46.1813 5.67 0.38 Wejo WEJO ... dd .63 +0.04 ... 1.42 0.55 Yunji YJ ... dd .59 –0.12 ...
375.90 190.15 SolarEdgeTech SEDG ... cc 315.02 +33.21 ... 11.83 7.53 TheravanceBio TBPH ... dd 11.30 +0.10 ... 8.64 3.15 ViantTech DSP ... dd 4.45 +0.58 ... 10.26 9.72 WelsbachTech WTMA ... dd 10.26 +0.04 ... 61.29 20.98 ZaiLab ZLAB ... dd 47.62 +1.29 ...
23.08 5.21 SolidBiosci SLDB ... dd 6.75 +0.90 ... 15.21 4.01 TheseusPharm THRX ... dd 9.60 +1.30 ... 52.72 25.38 ViaSat VSAT ... dd 36.60 +0.63 ... 0.30 0.02 WelsbachTechRt WTMAR ... ... .22 +0.06 ... 533.22 224.87 ZebraTech ZBRA ... 34 293.70 +20.28 ...
9.99 1.95 SolidPower SLDP ... 21 2.74 +0.73 ... 26.75 16.35 ThirdCoastBcshs TCBX ... 22 18.79 +0.12 ... 15.60 8.42 Viatris VTRS 4.2 17 11.54 –0.56 .12 23.78 15.77 Wendy's WEN 2.2 27 23.08 +0.31 .125 67.97 17.33 ZentalisPharm ZNTL ... dd 24.94 +3.73 ...
10.37 2.02 SomaLogic SLGC ... dd 3.31 +0.70 ... 24.60 3.89 ThirdHarmonic THRD ... ... 4.40 +0.20 ... 17.43 9.99 ViaviSolutions VIAV ... 26 11.24 +0.25 ... 9.26 1.39 WerewolfTherap HOWL ... dd 3.28 +1.03 ... 15.73 3.26 ZeroFox ZFOX ... dd 5.00 +0.32 ...
10.88 0.90 Sonder SOND ... dd 1.30 +0.02 ... 2.39 0.50 36Kr KRKR ... 6 1.22 +0.03 ... 108.89 42.90 Vicor VICR ... cc 60.26 +4.01 ... 47.04 35.84 WernerEnterprises WERN 1.2 11 43.16 –0.03 .13 110.87 66.85 ZiffDavis ZD ... 12 84.03 +3.49 ...
8.75 0.84 Sono SEV ... ... 1.09 +0.22 ... 7.38 3.41 ThorneHealthtech THRN ... 32 3.69 +0.04 ... 36.90 22.22 VictoryCapital VCTR 3.4 7 29.30 +1.70 .25 41.37 29.50 WesBanco WSBC 3.7 12 37.52 –0.35 .35 65.16 26.21 Zillow A ZG ... dd 42.23 +7.27 ...
31.22 13.65 Sonos SONO ... 43 18.09 +0.54 ... 25.24 7.61 Thoughtworks TWKS ... dd 11.24 +1.35 ... 3.18 0.37 View VIEW ... dd .77 –0.07 ... 32.60 20.39 WestBancorp WTBA 4.1 8 24.50 –0.31 .25 65.88 26.14 Zillow C Z ... dd 43.45 +7.57 ...
15.83 1.69 SophiaGenetics SOPH ... dd 3.13 +1.15 ... 11.22 0.73 ThredUp TDUP ... dd 1.94 +0.57 ... 4.96 2.39 ViewRay VRAY ... dd 4.75 –0.01 ... 63.86 52.04 WestamericaBncp WABC 2.9 15 58.16 –0.16 .42 10.47 9.63 ZimmerEnerA ZT ... 38 9.98 +0.02 ...
24.90 5.78 SoteraHealth SHC ... 42 18.23 +9.77 ... 24.48 9.47 360DigiTech QFIN 3.4 5 22.94 –0.06 .16 18.27 2.18 VigilNeurosci VIGL ... dd 11.95 +0.22 ... 12.67 9.80 WesternAcqn WAVS ... dd 10.20 –0.25 ... 50.40 6.67 ZimVie ZIMV ... dd 9.08 +0.21 ...
3.11 1.48 SotherlyHotels SOHO ... 11 1.94 +0.05 ... 12.97 9.88 ThriveAcqnA THAC ... 22 10.37 +0.06 ... 9.62 2.02 VikingTherap VKTX ... dd 8.95 +0.51 ... 67.43 29.73 WesternDigital WDC ... 13 37.22 +0.05 ... 75.44 45.21 ZionsBancorp ZION 3.2 10 51.39 +0.13 .41
10.65 9.96 SoundPointA SPCM ... 26 10.42 ... ... 10.50 9.60 ThunderBridgeIV A THCP ... 68 9.99 –0.01 ... 25.09 19.09 VillageSuper A VLGEA 4.2 11 23.66 +0.23 .25 10.25 7.13 WestNewEngBncp WNEB 2.5 9 9.74 +0.19 .06 164.89 63.55 ZoomVideo ZM ... 30 69.49 –0.02 ...
31.96 22.47 SouthPlainsFin SPFI 1.7 9 28.83 +0.27 .12 9.08 2.52 TilrayBrands TLRY ... dd 3.17 +0.22 ... 16.34 3.07 Vimeo VMEO ... dd 3.83 +0.12 ... 2.73 0.75 WestportFuelSys WPRT ... dd 1.01 +0.13 ... 61.44 23.29 ZoomInfoTech ZI ... 57 26.01 +0.90 ...
93.34 72.26 SouthState SSB 2.4 13 81.95 +1.91 .50 35.62 24.05 TimberlandBncp TSBK 2.6 12 33.52 –0.55 .10 14.57 7.80 VinciPartners VINP 7.6 13 9.73 +1.11 .20 14.71 9.34 WestrockCoffee WEST ... dd 13.56 –0.24 ... 290.47 99.64 Zscaler ZS ... dd 107.30 +3.34 ...
62.90 41.05 SouthernFirstBcsh SFST ... 10 43.99 –0.59 ... 44.35 21.50 TitanMachinery TITN ... 9 42.90 +1.56 ... 11.15 2.13 VintageWineEstates VWE ... dd 3.28 +0.22 ... 32.45 19.89 WeycoGroup WEYS 3.7 8 26.06 +2.86 .24 47.51 18.86 Zumiez ZUMZ ... 11 24.40 +1.09 ...
57.81 41.79 SoMO Bancorp SMBC 1.8 10 47.97 +1.37 .21 31.65 6.17 Torm TRMD .0 7 27.18 +0.95 1.46 2.35 0.70 ViomiTech VIOT ... dd 1.40 +0.04 ... 34.10 10.98 Willdan WLDN ... dd 19.32 +1.20 ... 15.02 4.11 Zymeworks ZYME ... dd 10.04 +2.39 ...
30.50 19.51 SouthernStBcsh SSBK 1.3 12 28.19 +0.09 .09 49.13 31.04 TowerSemi TSEM ... 21 43.65 –0.55 ... 38.97 18.05 VirBiotech VIR ... 3 26.57 +0.52 ... 65.19 30.22 WillisLease WLFC ... dd 62.61 +0.08 ... 2.94 0.49 ZynerbaPharma ZYNE ... dd .59 +0.05 ...
44.74 31.18 SouthsideBcshs SBSI 3.7 11 36.46 +0.40 .04 34.49 26.18 TowneBank TOWN 2.9 12 31.42 +0.63 .23 5.75 1.21 ViractaTherap VIRX ... dd 2.26 +0.62 ... 258.43 187.89 WillisTowers WTW 1.3 11 254.65 +1.22 .82 17.25 4.97 Zynex ZYXI ... 37 16.80 +1.15 ...
16.83 9.52 SovosBrands SOVO ... dd 14.54 +0.68 ... 241.54 166.49 TractorSupply TSCO 1.7 24 221.09 –0.55 .92 5.00 2.63 VircoMfg VIRC ... dd 4.83 +0.25 ... 3.35 0.56 WiMiHologram WIMI ... dd 1.33 +0.47 ... 25.00 1.38 ZyVersaTherap ZVSA ... dd 3.46 +1.85 ...
37.75 23.76 SpartanNash SPTN 2.7 20 30.79 –0.77 .21 86.88 39.00 TradeDesk TTD ... dd 47.03 +4.74 ...
1.57 0.32 SpectrumPharm SPPI ... dd .60 +0.12 ... 92.52 51.47 Tradeweb TW .4 55 71.61 +4.89 .08
13.35 0.68 SperoTherap SPRO ... dd 2.00 +0.20 ... 10.88 3.60 TransActTechs TACT ... dd 6.95 +0.70 ...
150.79 65.00 Splunk SPLK ... dd 88.80 +5.44 ... 95.79 50.32 Transcat TRNS ... 62 81.79 +4.61 ...

Europe Asia
10.14 6.13 SpokHoldings SPOK 15.1 dd 8.30 –0.06.3125 3.08 0.28 TransCodeTherap RNAZ ... dd .61 –0.02 ...
17.45 7.10 Sportradar SRAD ... 64 10.88 +0.93 ... 64.36 10.00 TransMedics TMDX ... dd 60.90 +5.27 ...
12.28 7.75 SportsmansWrhs SPWH ... 5 10.09 –0.07 ... 65.33 31.19 TravelCenters TA ... 5 47.68 +1.64 ...
10.88 9.83 SportsMapTech SMAP ... dd 10.24 +0.04 ... 10.15 4.10 Travelzoo TZOO ... 65 5.27 +0.30 ...
10.79 10.00 SpringValleyII A SVII ... ... 10.19 +0.03 ... 30.35 17.97 TravereTherap TVTX ... dd 20.32 +0.02 ... Recovering: European stocks continued their revival—thanks Golden Shares: As China reopens, its government con-
0.21 0.10 SpringValleyII Rt SVIIR ... ... .19 +0.02 ... 26.06 12.48 TreaceMed TMCI ... dd 25.94 +2.29 ...
8.18 2.12 TreanInsurance TIG ... 12 6.01 +0.01 ... to better economic performance and cheaper energy. templates taking control shares in Alibaba and Tencent.
5.44 0.41 SpringBig SBIG ... dd .76 +0.19 ...
65.92 13.60 SpringWorks SWTX ... dd 29.01 +1.49 ... 16.73 6.12 TremorIntl TRMR ... 14 7.33 +0.76 ...
35.34 22.56 SproutsFarmers SFM ... 14 32.00 +0.29 ... 4.68 0.46 TreviTherap TRVI ... dd 2.62 +0.39 ...
3.46 0.95 SpruceBio SPRB ... dd 2.76 +0.34 ... 13.85 0.13 Tricida TCDA ... dd .15 –0.03 ... S&P Europe BMI 1.85% S&P Pan Asia BMI 2.20%
112.27 46.36 StaarSurgical STAA ... 95 72.50 +12.46 ... 58.62 37.41 TriCoBancshares TCBK 2.4 14 50.14 +0.31 .30
8.29 4.80 Stagwell STGW ... 43 7.11 +0.60 ... 36.33 21.41 TriMas TRS .5 22 30.33 +1.73 .04 Netherlands 4.88 Philippines 4.07
4.23 0.92 StdBioTools LAB ... dd 2.00 +0.45 ... 77.27 47.52 Trimble TRMB ... 29 54.51 +3.01 ...
33.99 16.85 StarBulkCarriers SBLK31.3 3 20.80 +1.20 1.20 1.55 0.86 TrinityBiotech TRIB ... dd 1.06 +0.07 ... Sweden 4.32 South Korea 3.83
2.07 0.72 StarEquity STRR ... dd .97 +0.03 ... 20.26 10.23 TrinityCapital TRIN 14.1 11 12.24 +1.09 .15
107.30 68.39 Starbucks SBUX 2.0 38 107.23 +0.54 .53 39.01 14.29 Trip.com TCOM ... dd 37.53 –0.80 ... Germany 3.54 China 3.55
4.18 1.91 StealthGas GASS ... dd 2.72 +0.13 ... 30.48 16.87 Tripadvisor TRIP ... dd 21.35 +1.71 ...
113.12 50.54 SteelDynamics STLD 1.2 5 111.52 +8.83 .34 19.75 1.03 TritiumDCFC DCFC ... ... 1.49 –0.07 ... Italy 2.44 Australia 3.20
36.09 26.11 StellarBancorp STEL 1.7 22 30.30 +1.21 .13 120.12 45.08 TriumphFinl TFIN ... 12 51.92 +0.75 ...
41.19 22.39 StepStone STEP 2.8 33 28.75 +2.68 .20 2.76 0.93 trivago TRVG ... dd 1.68 +0.23 ... France 2.39 Taiwan 3.11
60.35 39.63 Stericycle SRCL ... cc 52.84 +1.10 ... 4.09 1.30 TrueCar TRUE ... dd 3.07 +0.35 ...
28.76 12.22 SterlingCheck STER ... 52 15.71 +0.70 ... 102.16 40.77 Trupanion TRUP ... dd 54.62 +7.03 ... U.K. 1.91 Singapore 1.63
34.86 20.46 SterlingInfr STRL ... 12 33.87 +1.89 ... 39.36 29.50 TrustcoBank TRST 3.7 11 38.70 +0.76 .36
45.04 26.36 StevenMadden SHOO 2.5 11 33.56 +2.22 .21 38.47 26.67 Trustmark TRMK 2.6 16 35.16 +0.09 .23 Greece 1.90 Malaysia 1.47
17.17 2.63 StitchFix SFIX ... dd 4.63 +0.99 ... 5.60 1.45 TScanTherap TCRX ... dd 2.20 +0.31 ...
78.71 50.83 StockYardsBncp SYBT 1.9 20 62.33 –0.63 .29 2.52 0.46 Tuniu TOUR ... dd 2.02 +0.10 ... Spain 1.77 Japan 1.36
26.60 6.88 StokeTherap STOK ... dd 9.75 +1.23 ... 25.33 6.22 TurtleBeach HEAR ... dd 8.86 +0.79 ...
16.96 6.81 StoneCo STNE ... dd 9.68 +0.39 ... 25.60 1.23 TuSimple TSP ... dd 2.19 +0.61 ... Switzerland 1.49 Hong Kong 1.27
6.31 2.02 23andMe ME ... dd 2.42 +0.37 ...
103.00 60.76 StoneX SNEX ... 9 93.61 –2.16 ... 18.20 7.91 TwinDisc TWIN ... 34 10.32 +0.80 ... Finland 1.35 New Zealand 0.90
28.00 11.04 Stratasys SSYS ... dd 13.57 +0.17 ... 66.15 21.78 TwistBiosci TWST ... dd 25.96 +0.56 ...
89.76 48.01 StrategicEd STRA 2.7 43 89.70 +4.53 .60 22.88 8.44 2seventybio TSVT ... dd 10.39 +0.40 ... Belgium 1.17 India 0.55
44.30 19.20 Strattec STRT ... 13 23.97 +3.19 ... 18.24 4.70 2U TWOU ... dd 7.43 +0.99 ...
46.44 18.51 StratusProp STRS .0 2 21.57 +2.38 4.67 14.27 4.93 TyraBiosciences TYRA ... dd 8.39 +1.54 ... Norway 0.73 Thailand 0.39
14.43 0.40 StrongholdDig SDIG ... dd .65 +0.19 ...
30.83 24.27 SummitFin SMMF 3.1 7 25.44 +0.65 .20 U -1.46 Denmark -0.81 Indonesia
17.98 14.05 SummitStateBk SSBI 3.1 6 15.61 –0.38 .12 94.78 64.13 UFP Inds UFPI 1.2 8 86.81 +4.35 .25
5.78 0.66 SummitTherap SMMT ... dd 4.80 +0.60 ... 112.24 76.97 UMB Fin UMBF 1.7 10 86.91 +2.41 .38 Indexes based on S&P Global Broad Market Indices Source: S&P DJ Indices
12.67 6.43 SumoLogic SUMO ... dd 7.80 +0.41 ... 7.07 2.68 UPFintech TIGR ... dd 4.14 +0.46 ...
30.61 13.25 SunCountryAir SNCY ... cc 18.75 +1.46 ... 15.05 11.00 USCB Financial USCB ... ... 12.36 –0.15 ...
11.67 4.22 SunOpta STKL ... dd 8.90 –0.19 ...
28.42
39.13
95.22
12.78
16.80
34.11
SunPower
SunRun
SuperMicroComp
SPWR ...
RUN ...
SMCI ...
59
96
10
18.66
27.80
80.58
+1.53 ...
+5.11 ...
–3.81 ...
154.00
10.33
4.98
102.12
9.72
0.46
US Lime&Min
UTA Acqn A
uCloudlink
USLM
UTAA
UCL
.5
...
...
20
cc
dd
146.20
10.25
3.56
+2.40 .20
+0.02 ...
–0.08 ...
Key Foreign Stock Market Indexes
17.26 9.47 Udemy UDMY ... dd 11.01 –0.22 ... Most Recent Week’s Year-to-Date Most Recent Week’s Year-to-Date
21.98 8.52 SuperiorGroup SGC 4.6 dd 12.29 +1.86 .14 495.89 330.80 UltaBeauty ULTA ... 22 490.99 +4.80 ...
39.92 24.95 SupernusPharms SUPN ... 63 39.88 +0.50 ... Close %Chg. Chg. % Chg. Close %Chg. Chg. % Chg.
60.45 23.32 UltraClean UCTT ... 26 32.83 –2.87 ...
4.42 0.60 SurfaceOncol SURF ... dd .99 –0.04 ... 85.53 33.36 UltragenyxPharm RARE ... dd 43.55 –3.11 ... Amsterdam AEX 748.04 +3.28 +59.03 +8.57 Milan FTSE All Share 27842 +2.18 +2122.97 +8.25
32.40 1.34 Surgalign SRGA ... dd 2.79 +0.52 ... 5.86 3.67 Ultralife ULBI ... dd 4.02 +0.04 ...
63.87 20.46 SurgeryPartners SGRY ... dd 32.20 +4.36 ... 22.06 15.77 Umpqua UMPQ 4.8 11 17.33 –0.03 .21 Athens General 968.38 +1.78 +38.59 +4.15 Oslo Composite 1357.76 +0.69 –4.92 –0.36
47.12 28.28 Surmodics SRDX ... dd 36.23 –1.81 ... 3.70 1.07 UnicoAmerican UNAM ... dd 1.28 –0.26 ...
10.98 3.33 SutroBioph STRO ... dd 7.87 –0.34 ... Bangkok SET 1681.73 +0.47 +13.07 +0.78 Paris CAC 7023.50 +2.37 +549.74 +8.49
33.03 21.29 UnionBankshares UNB 5.7 9 24.50 +0.74 .35
10.52 9.03 SwiftmergeAcqn IVCPU ... ... 10.52 +0.38 ... 28.26 12.52 uniQure QURE ... dd 23.07 +0.10 ... Bombay Sensex 60261 +0.60 –579.56 –0.95 Santiago Selective 3109.11 +0.39 –63.46 –2.00
11.37 9.67 SwiftmergeA IVCP ... dd 10.18 +0.04 ... 53.12 30.54 UnitedAirlines UAL ... dd 51.65 +9.41 ...
11.40 0.08 Swvl SWVL ... dd .24 –0.06 ... 44.15 33.11 UnitedBkshrsWV UBSI 3.5 16 40.87 +0.50 .36 Brussels Bel-20 3940.32 +2.44 +239.15 +6.46 Sao Paulo Bovespa 110916 +1.79 +1181.48 +1.08
28.48 8.75 Symbotic SYM ... dd 13.44 +1.03 ... 39.50 27.85 UtdCmtyBks UCBI 2.5 15 35.10 +1.11 .22
247.68 81.13 Synaptics SYNA ... 16 113.40 +13.39 ... 37.26 22.96 UnitedFire UFCS 2.1 14 30.08 +1.39 .16 Buenos Aires Merval 242154 +13.27 +40069 +19.83 Seoul Composite 2386.09 +4.20 +149.69 +6.69
2.36 0.51 Synchronoss SNCR ... dd .77 +0.08 ... 26.09 10.12 UnitedGuardian UG 5.5 17 11.28 +0.80 .31 Copenhagen OMX 20 1845.26 –1.48 +9.97 +0.54 Shanghai Composite 3195.31 +1.19 +106.05 +3.43
27.68 13.27 SyndaxPharm SNDX ... cc 26.31 +2.01 ... 8.74 6.50 UnitedSecBcshrs UBFO 5.5 10 8.01 +0.69 .11
92.86 22.89 SyneosHealth SYNH ... 13 34.91 –0.02 ... 283.09 158.38 UnitedTherap UTHR ... 18 261.04 –15.13 ... Dublin ISEQ 7781.01 +1.86 +672.19 +9.46 Shenzhen B Share Idx 1179.91 +0.03 +22.58 +1.95
2.65 0.55 Synlogic SYBX ... dd 1.05 +0.14 ... 14.25 5.34 Uniti UNIT 9.8 dd 6.10 +0.21 .15
391.17 255.02 Synopsys SNPS ... 53 332.97 +12.43 ... 30.50 24.80 UnityBancorp UNTY 1.6 8 27.12 +0.52 .11 EURO STOXX SXXE 444.95 +2.88 +34.98 +8.53 Singapore FTSE STI 3293.75 +0.52 +42.43 +1.30
3.56 1.71 SyprisSolutions SYPR ... dd 1.92 –0.13 ... 18.50 2.09 UnityBiotech UBX ... dd 4.29 +0.93 ... EURO STOXX 50 SXSE 4150.80 +3.31 +357.18 +9.42 Stockholm OMXS 847.04 +4.06 +65.18 +8.34
27.20 3.02 SyrosPharm SYRS ... dd 4.77 +1.21 ... 176.41 89.41 UnivDisplay OLED .9 32 128.58 +16.76 .30
T 39.29 16.56 UnivElectro UEIC ... cc 23.68 +1.32 ... Frankfurt DAX 15086 +3.26 +1162.93 +8.35 STOXX Europe 50 SXSP 3878.90 +1.62 +227.07 +6.22
40.76 15.86 UnivLogistics ULH 1.2 6 35.12 +0.45 .105
4.03 0.82 TCR2 Therap TCRR ... dd 1.29 +0.09 ... 10.71 6.52 UnivStainless USAP ... dd 8.17 +0.74 ... Helsinki OMHX 11253 +1.25 +445.53 +4.12 STOXX Europe 600 SXXP 452.54 +1.83 +27.65 +6.51
13.37 5.15 TelaBio TELA ... dd 11.36 –0.66 ... 2.08 0.50 UniversePharm UPC ... 3 .93 –0.76 ...
7.70 0.81 TFF Pharm TFFP ... dd 1.05 ... ... 31.93 23.48 UnivestFin UVSP 3.2 11 26.23 +0.42 .21 Hong Kong Hang Seng 21738 +3.56 +1957.25 +9.89 Sydney S&P/ASX 200 7328.10 +3.07 +289.41 +4.11
18.36 12.45 TFS Fin TFSL 7.5 57 15.03 +0.49.2825 21.62 6.26 UplandSoftware UPLD ... dd 8.60 +0.68 ... Istanbul IMKB 4984.86 –6.68 –524.30 –9.52 Taipel Weighted 14824 +3.14 +686.44 +4.86
10.42 9.78 TGVentureAcqn TGVC ... dd 10.22 +0.02 ... 161.00 12.01 Upstart UPST ... dd 16.99 +3.90 ...
11.04 9.88 TKBCriticalTech1 USCT ... 16 10.37 +0.04 ... 29.92 9.79 Upwork UPWK ... dd 12.60 +1.20 ... Jakarta Composite 6641.83 –0.64 –208.79 –3.05 Tel Aviv 125 Index 1848.26 +2.27 +34.91 +1.93
10.50 9.67 TLGY Acqn A TLGY ... 27 10.33 +0.03 ... 30.52 17.81 UrbanOutfitters URBN ... 16 28.35 +2.86 ...
3.34 0.51 TMCthemetals TMC ... dd .85 +0.01 ... 12.63 4.85 UroGenPharma URGN ... dd 8.56 +0.37 ... Johannesburg All Share 79333 +3.22 +6285.15 +8.60 Tokyo Nikkei-225 26119 +0.56 +25.02 +0.10
154.38 101.51 T-MobileUS TMUS ... cc 149.68 +1.11 ... 4.42 1.22 Usio USIO ... dd 1.79 +0.05 ... Kuala Lumpur Composite 1495.03 +0.98 –0.46 –0.03 Toronto S&P/TSX 20360 +2.75 +975.18 +5.03
44.43 23.09 TPG TPG 4.2 8 34.30 +4.01 .26 109.50 80.10 UtahMedProducts UTMD 1.3 21 90.11 –9.09 .295
25.05 8.46 TPIComposites TPIC ... dd 14.22 +2.61 ... 5.00 2.44 UTStarcom UTSI ... dd 4.88 +0.89 ... LISBON PSI 4594.37 +2.04 +173.94 +3.93 Vienna ATX 3290.24 +0.54 +163.85 +5.24
176.43 93.53 TRowePrice TROW 4.1 14 118.51 +6.22 1.20 17.50 2.21 Uxin UXIN ... 1 3.71 +0.21 ...
88.48 39.50 TTEC TTEC 2.1 21 48.39 +3.65 .52 London FTSE - 100 7844.07 +1.88 +392.33 +5.26 Wellington S&P/NZX 50 11754 +1.11 +281.20 +2.45
17.49 9.76 TTM Tech TTMI ... 19 17.30 +1.44 ... V
7.50 1.52 Taboola TBLA ... dd 3.26 +0.12 ... 10.29 9.82 VMGConsumerA VMGA ... dd 10.19 –0.02 ... Madrid IBEX 35 8881.70 +2.08 +652.62 +7.93 Zurich Swiss 11290 +1.31 +561.39 +5.23
15.06 2.09 TabulaRasaHlth TRHC ... dd 4.91 +0.13 ... 10.29 3.51 VNET VNET ... dd 6.10 –0.03 ... Manila Composite 6951.54 +4.25 +385.15 +5.87
21.62 6.28 TactileSystems TCMD ... dd 13.24 +0.45 ... 13.34 5.85 VOXX Intl VOXX ... dd 10.29 +1.27 ...
178.50 90.00 TakeTwoSoftware TTWO ... dd 105.03 +0.28 ... 58.14 31.85 VSE VSEC .8 22 50.97 +2.81 .10 Mexico City IPC 53576 +3.57 +5112.86 +10.55 Indexes are based on local currencies. Because of various holidays and other market closings, the most
11.29 0.89 TalarisTherap TALS ... dd 1.24 +0.03 ... 9.38 1.08 Vacasa VCSA ... dd 1.69 +0.30 ... recent close is not necessarily that of the week of publication.
3.28 0.42 TalisBiomed TLIS ... dd .58 +0.08 ... 12.00 2.02 Vaccitech VACC ... 5 2.73 +0.27 ...
1.94 0.52 Talkspace TALK ... dd .75 +0.09 ... 10.49 9.85 VahannaTechI A VHNA ... cc 10.34 +0.03 ...
54 BARRON’S January 16, 2023

D ATA TOP 500 EXCHANGE-TRADED PORTFOLIOS B A R R ON S .C OM / D ATA

Tick Div Tick Div Tick Div Tick Div Tick Div
NOTICE TO READERS: Listed are Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt. Name Sym Yld Last Chg. Amt.
the top 500 ETF’s based on weekly iShCoreS&PUSGrw IUSG 1.0 83.93 +2.33 .0308 DirexFinlBull3 FAS .8 85.92 +4.85 .3259 HartfordMultiDvxUS RODM 3.6 26.10 +0.59 .2363 iShiBdsDec26Cp IBDR 2.4 23.68 +0.09 .0555 SPDRBlm1-3MTB BIL 1.3 91.58 +0.09 .2713
volume. iShCoreS&PUSValue IUSV 2.1 74.70 +2.02 .4318 DirexGoldMinBr2 DUST ... 11.18 –0.82 ... HealthCareSelSect XLV 1.5 135.45 –0.22 .5561 iShiBdsDec23Cp IBDO 1.8 25.11 +0.04 .0486 SPDRBlmSTHYBd SJNK 5.7 25.02 +0.31 .1448
iShCoreTotalUSDBd IUSB 2.5 46.29 +0.41 .1136 DirexGoldMinBl2 NUGT .5 44.33 +2.96 .2396 iMGPDBiMgdFut DBMF 3.8 28.40 –0.10 2.2474 iShiBoxx$HYCpBd HYG 5.1 76.64 +1.11 .3963 SPDRDoubleTRTact TOTL 4.5 41.15 +0.41 .2799
Tick Div
Name Sym Yld Last Chg. Amt. iShSelectDividend DVY 3.3 125.17 +1.21 1.0401 DirexHmbldrBull3 NAIL ... 40.20 +4.65 ... IndSelSectorSPDR XLI 1.6 102.46 +1.55 .4656 iShiBoxx$InvGrCpBd LQD 3.1 110.47 +1.87 .3316 SPDRGoldMini GLDM ... 38.14 +1.07 ...
iShESGAwareMSCI ESGD 2.4 70.75 +2.47 .3084 DirexJrGoldMinBr2 JDST ... 6.12 –0.30 ... InvscDBComm DBC .6 24.79 +1.15 .1447 iShLatinAmer40 ILF 11.7 24.85 +1.26 1.8137 SPDR Gold GLD ... 178.76 +5.05 ...
Bats iShESGAwareEM ESGE 2.5 32.86 +1.03 .5311 DirexJrGoldMnBl2 JNUG ... 46.02 +1.95 ... InvscDBAgriFd DBA .5 19.53 –0.03 .0964 iShMSCIAustralia EWA 4.9 24.01 +0.99 .4302 SPDRNuvBBHYMuni HYMB 3.7 25.27 +0.34 .0769
ARKGenomicRev ARKG ... 32.81 +4.53 ... iShESGAwareUSA ESGU 1.5 88.47 +2.57 .3504 DirexRealEstBr3 DRV .5 43.43 –6.36 .2056 InvscDBUSDBull UUP .9 27.47 –0.43 .2466 iShMSCIBrazil EWZ 11.9 29.51 +1.21 2.0217 SPDRNuveenMuniBd TFI 1.8 46.62 +0.47 .0804
BlkRkShMaturityBd NEAR 1.8 49.42 +0.07 .1573 iShESG1-5YCpBd SUSB 1.7 24.02 +0.09 .047 DirexRealEstBl3 DRN 2.2 11.84 +1.36 .0144 InvscDynOil&GasSv PXJ .6 5.46 +0.40 .016 iShMSCICda EWC 2.2 34.81 +1.07 .4915 SPDRNuveenSTMuni SHM .7 47.49 +0.21 .0298
BlkRkUltShBd ICSH 1.7 50.16 +0.05 .1434 iShESGUSDCorpBd SUSC 2.9 23.19 +0.32 .0629 DirexRetailBull3 RETL .6 8.95 +1.23 .0178 InvscEMSovDebt PCY 6.5 19.68 +0.34 .0965 iShMSCI EAFE EFA 2.5 70.53 +2.40 .2684 SPDRPtfAggBd SPAB 2.5 25.88 +0.23 .0624
DimenIntlCore2 DFIC 1.8 23.94 +0.79 .1245 iShFallAngelsUSDBd FALN 4.9 25.54 +0.41 .1055 DirexS&P500Br3 SPXS ... 19.70 –1.59 ... InvscFinlPfd PGF 5.5 15.57 +0.29 .0727 iSh MSCI EM EEM 2.3 41.30 +1.23 .5843 SPDRPtfDevxUS SPDW 2.9 31.84 +1.07 .3421
FTCboeUSDeepDec DDEC ... 31.25 +0.46 ... iSh5-10YIGCorpBd IGIB 2.9 51.20 +0.57 .1366 DirexS&P500Bl3 SPXL .3 69.78 +5.14 .1236 InvscGlblPrvEqu PSP 2.6 10.58 +0.70 .0675 iShMSCIFrance EWQ 2.9 36.46 +1.51 .1231 SPDRPtfEM SPEM 3.1 35.54 +0.97 .6539
FidelityGrwOpps FGRO .0 13.41 +0.84 .1904 iShGSCICmDynRoll COMT 29.8 28.14 +1.23 8.3979 DirexS&PBiotechBr3 LABD .6 14.21 –2.85 .0918 InvscNatAMTFrMuni PZA 2.6 23.80 +0.31 .0555 iShMSCIFrontier FM 2.6 26.59 +0.38 .0796 SPDR PtfEurope SPEU 2.8 37.71 +1.36 .1366
GlbXUSInfrDevt PAVE .8 28.44 +1.14 .1407 iShGlbCleanEner ICLN .8 21.22 +1.34 .0364 DirexS&PBiotechBl3 LABU ... 8.23 +1.18 ... InvscPreferred PGX 6.7 12.19 +0.26 .0613 iShMSCIGermany EWG 2.9 27.79 +1.43 .0086 SPDRPtfIntermCpBd SPIB 2.6 32.50 +0.23 .0898
GS PhysGold AAAU ... 19.06 +0.54 ... iShiBdsDec25Trea IBTF 1.9 23.47 +0.06 .0394 DirexS&P500Br1 SPDN 1.0 15.88 –0.40 .1327 InvscS&PEMLowVol EELV 3.3 23.83 +0.19 .096 iShMSCIHongKong EWH 2.8 22.08 +0.01 .2806 SPDR PtfIntTrea SPTI 1.4 28.86 +0.15 .0536
iPathS&P500VIX VXX ... 12.02 –1.38 ... iShiBdsDec24Trea IBTE 2.0 23.94 +0.04 .0092 DirexHiBetaBear3X HIBS .0 5.68 –1.09 .0027 InvscS&P500EW RSP 1.7 149.07 +3.84 .5778 iShMSCIIndonesia EIDO 2.5 22.32 +0.34 .2318 SPDRPtfLTCorpBd SPLB 4.2 24.06 +0.53 .0867
iShBrdUSDHYCpBd USHY 5.8 35.97 +0.59 .1626 iShiBdsDec23Trea IBTD 1.7 24.74 +0.02 .0048 DirexS&POil&GasBr2 DRIP ... 13.46 –1.62 ... InvscS&P500HiDiv SPHD 3.7 45.59 +0.40 .1436 iShMSCIIntlQual IQLT 2.9 34.73 +1.18 .3035 SPDRPtfLgTermTrea SPTL 2.6 30.95 +0.41 .0747
iShConvBond ICVT 1.9 71.96 +1.83 .2884 iShJPMUSDEmgBd EMB 4.9 87.82 +1.09 .3399 DirexS&POilBl2 GUSH .5 151.46 +15.49 .5792 InvscS&P500LowVol SPLV 2.1 64.63 –0.28 .116 iShMSCIItaly EWI 4.2 29.62 +1.18 .4159 SPDRPtfMtgBkdBd SPMB 2.9 22.38 +0.21 .0564
iShCoreMSCIEAFE IEFA 2.5 66.12 +2.21 .3346 iShMBS MBB 2.2 95.61 +0.78 .241 DirexSemiBr3x SOXS .3 28.45 –5.64 .0741 InvscS&P500PrVal RPV 2.1 84.52 +1.96 .5431 iShMSCIJapan EWJ 1.2 56.77 +2.00 .1243 SPDRS&P500Value SPYV 2.1 41.13 +1.08 .2375
iShCurrHdgMSCIEAFE HEFA 3.1 28.63 +0.56 .1133 iShMSCIACWI ACWI 1.7 89.69 +2.62 .6764 DirexSemiBl3 SOXL .8 12.95 +2.08 .0379 InvscS&P500Qual SPHQ 1.8 45.71 +0.83 .2346 iShMSCIKLD400Soc DSI 1.3 75.04 +2.29 .2968 SPDRPtfS&P1500 SPTM 1.6 49.37 +1.36 .2161
iShIntlSelDiv IDV 6.9 28.95 +0.71 .3679 iShMSCIACWIxUS ACWX 2.5 49.04 +1.65 .3824 DirexScBear3 TZA ... 28.42 –4.88 ... InvscSrLoan BKLN 4.8 21.13 +0.18 .2062 iShMSCIMexico EWW 2.8 56.68 +2.98 1.0445 SPDRPtfS&P500 SPLG 1.6 46.87 +1.25 .2073
iShUSAero&Def ITA .9 112.35 –1.34 .2397 iShMSCIACxJpn AAXJ 1.4 70.75 +1.98 .7872 DirexSCBull3 TNA .3 38.81 +5.44 .099 InvscSolar TAN ... 81.74 +7.87 ... iShMSCIPacxJpn EPP 4.1 45.73 +1.34 .7088 SPDRS&P500Growth SPYG 1.0 52.11 +1.41 .1396
iShUSHomeConstrn ITB .8 66.54 +2.80 .1233 iShMSCIChina MCHI 1.6 53.88 +1.62 .7115 DirexTechBear3 TECS ... 35.07 –5.11 ... InvscTaxMuniBd BAB 3.3 26.74 +0.28 .0773 iShMSCIPoland EPOL 2.4 16.93 +0.51 .2684 SPDRS&P500HiDiv SPYD 4.8 41.58 +0.58 .5073
iShUSTelecomm IYZ 2.4 24.16 +0.58 .1658 iShMSCIEAFESC SCZ 1.9 60.03 +2.02 1.125 DirexTechBull3 TECL .2 25.24 +3.12 .0492 InvscUltShDur GSY 1.7 49.65 +0.13 .2122 iShMSCISaudiArabia KSA 1.9 39.31 +0.86 .40 SPDRPtfS&P400MC SPMD 1.5 45.19 +1.60 .1691
iShEdgeMSCIMinEAFE EFAV 2.4 66.32 +1.34 .4969 iShMSCIEMAsia EEMA 1.4 69.29 +2.42 .7851 Direx20+TreaBr3 TMV ... 109.89 –5.42 ... InvscVarRtPfd VRP 5.2 23.20 +0.53 .1021 iShMSCISingapore EWS 2.4 19.74 +0.37 .2051 SPDRPtfS&P600SC SPSM 1.3 39.62 +1.71 .1451
iShEdgeMSCIMinVlEM EEMV 1.9 54.88 +0.21 .7556 iShMSCIEMxChina EMXC 2.7 50.67 +1.49 .8458 Direx20+YrTrBull TMF 1.3 9.31 +0.38 .0471 iSh10-20YTreasBd TLH 2.6 114.37 +1.37 .3349 iShMSCISthKorea EWY 1.1 62.42 +2.53 .6974 SPDRPtfSTCpBd SPSB 1.9 29.57 +0.07 .0797
iShEdgeMSCIMinVol ACWV 2.1 97.34 +0.44 1.2032 iShMSCIEurFinls EUFN 3.8 19.31 +0.68 .072 EABridgewayBlueChp BBLU ... 8.40 +0.18 ... iSh0-5YTIPSBd STIP 6.0 97.45 +0.30 .3082 iShMSCISpain EWP 2.8 26.55 +1.07 .3707 SPDRShtTermTrea SPTS 1.3 29.06 +0.04 .0744
iShEdgeMSCIMinUSA USMV 1.6 73.67 +0.21 .3474 iShMSCITurkey TUR 2.2 33.55 –2.63 .1764 ETFMGAltHarvest MJ 3.8 4.60 +0.25 .0656 iShChinaLC FXI 2.3 32.09 +0.89 .5931 iShMSCISweden EWD 3.4 35.37 +1.54 .1979 SPDR PtfTIPS SPIP 6.9 26.18 +0.06 .0597
iShEdgeMSCIUSAMom MTUM 1.8 145.97 +0.20 .8419 iSh1-5YIGCorpBd IGSB 2.0 50.39 +0.21 .1181 ETFMGPrmJrSilv SILJ .0 11.71 +0.35 .0057 iShAggrAllocation AOA 2.0 62.81 +1.53 .3789 iShMSCISwitz EWL 1.9 44.60 +0.79 .8573 SPDRS&PBank KBE 2.9 47.27 +1.02 .4198
iShEdgeMSCIUSAQual QUAL 1.5 119.39 +3.25 .4815 iShPfd&Incm PFF 5.6 32.53 +0.61 .1722 EnSelSectorSPDR XLE 3.6 89.95 +2.39 .8596 iShConsAllocat AOK 2.2 34.90 +0.51 .1867 iShMSCITaiwan EWT 5.5 43.25 +1.28 7.5576 SPDRS&PInsurance KIE 1.8 42.78 +0.53 .2728
iShEdgeMSCIUSAVal VLUE 3.0 95.95 +1.50 .7276 iShGlobalInfra IGF 2.5 48.45 +1.14 .5179 FidelityMSCIEn FENY 3.2 24.48 +0.78 .191 iShCoreDivGrowth DGRO 2.3 51.41 +0.48 .329 iShMSCIUK EWU 3.2 32.62 +0.93 .4704 SPDRS&PRegionalBkg KRE 2.4 60.61 +0.91 .4058
iShExpTechSftwr IGV .0 266.03 +12.46 .0234 iShSemiconductor SOXX 1.1 386.21 +22.54 1.0624 FidelityMSCIUtils FUTY 2.7 46.23 +0.27 .295 iShGrwthAllocation AOR 2.0 49.61 +1.09 .3183 iShNatlMuniBd MUB 2.1 107.55 +0.93 .2122 SchwabEM Equity SCHE 2.6 25.73 +0.76 .6052
iShFloatingRateBd FLOT 2.1 50.44 ... .1715 iShShortTreaBd SHV 1.4 110.08 +0.09 .3131 FidelityTotalBd FBND 3.0 46.34 +0.44 .152 iShCoreHiDividend HDV 3.5 106.65 –0.01 1.145 iShRussell1000Gwth IWF .9 223.64 +8.74 .5724 SchwabFundEmgLrg FNDE 5.2 26.62 +0.74 1.1233
iShIntlAggBd IAGG ... 48.49 +0.13 ... iSh1-3YTreasuryBd SHY 1.3 81.64 +0.12 .1807 FinSelSectorSPDR XLF ... 36.12 +0.74 ... iShCoreMSCIEM IEMG 2.5 50.70 +1.46 .6589 iShRussell1000Val IWD 2.1 158.48 +3.05 .9748 SchwabFundIntLrgCo FNDF 2.9 31.11 +0.99 .6188
iShMSCIChileCap ECH 6.7 27.36 +0.61 .6886 iSh7-10YTreaBd IEF 1.9 98.99 +0.61 .1918 FT DJ Internet FDN ... 132.41 +8.75 ... iShCoreMSCIEur IEUR 2.8 51.61 +1.80 .3399 iShRussell2000Gwth IWO .7 230.72 +13.09 .5088 SchwabFundUSLrgCo FNDX 2.0 55.93 +1.13 .3021
iShMSCIEurozone EZU 2.5 43.92 +2.06 .1749 iSh20+YTreaBd TLT 2.5 106.75 +1.57 .2611 FT EnergyAlpDx FXN 2.2 17.46 +0.72 .1252 iShMSCIIntlDev IDEV 2.5 59.93 +1.97 .3329 iShRussell2000 IWM 1.4 187.05 +9.47 .8295 SchwabIntmUSTrsr SCHR 2.0 50.32 +0.28 .1176
iShMSCIGlbMet&MnPr PICK 6.1 46.26 +2.61 1.0654 iSh0-5YInvGrdCpBd SLQD 2.0 48.30 +0.18 .1141 FTInstPfdSecs FPEI 5.0 18.44 +0.45 .0886 iShCoreMSCIPacific IPAC 2.6 56.28 +1.79 .5261 iShRussell2000Val IWN 2.0 148.37 +6.45 .9414 SchwabIntlDiv SCHY 3.5 23.57 +0.47 .5855
iShMSCIEAFEGrowth EFG 1.2 90.34 +3.44 .1798 JPMNasdEqPrem JEPQ 12.1 42.47 +1.48 .5755 FT LtdDurIG FSIG 2.5 18.83 +0.03 .06 iShCoreS&P500 IVV 1.6 400.37 +10.54 1.7236 iShRussellMid-Cap IWR 1.5 71.29 +2.38 .3341 SchwabIntEquity SCHF 2.6 34.57 +1.16 .6274
ProShUltPrQQQ TQQQ ... 20.10 +2.46 ... FT MngstrDiv FDL 3.4 37.96 +0.30 .3891 iShCoreS&P MC IJH 1.5 257.17 +9.16 .1278 iShRussellMCValue IWS 1.8 111.50 +3.17 .5818 SchwabSrtTRmUSTrsr SCHO 1.3 48.54 +0.08 .1165
iShMSCIIndia INDA ... 42.46 +0.38 ...
ProShUltShQQQ SQQQ .3 45.81 –6.59 .1511 FT NaturalGas FCG 3.0 25.13 +1.23 .259 iShCoreS&P SC IJR 1.3 101.41 +4.37 .4123 iShRussell1000 IWB 1.5 219.69 +6.26 .9274 SchwabUS AggrBd SCHZ 2.6 47.05 +0.43 .1094
iShMSCIEAFEValue EFV 3.9 49.01 +1.54 .5357
SimplifyUSEqu SPBC .6 21.78 +1.23 .1022 FT PfdSecs FPE 5.4 17.74 +0.46 .0925 iShCoreS&PTotUS ITOT 1.6 88.68 +2.64 .4055 iShS&PMC400Growth IJK 1.0 71.67 +2.35 .192 SchwabUS BrdMkt SCHB 1.5 46.86 +1.41 .2117
iShMtgRealEst REM 10.0 25.23 +1.38 1.0417
VanEckGlFallAnglHY ANGL 4.5 28.04 +0.43 .1158 FT TCWUnPlBd UCON 3.1 24.51 +0.25 .115 iShCoreUSAggBd AGG 2.3 99.92 +0.83 .2258 iShS&P500Growth IVW .9 60.14 +1.59 .1373 SchwabUS Div SCHD 3.3 77.95 +0.32 .7034
iShUSTreasuryBd GOVT 1.7 23.29 +0.14 .0374
VanEckSemicon SMH ... 225.79 +14.12 ... FT ValDivFd FVD 2.0 41.13 +0.36 .2748 iShUSRealEstate IYR 2.7 90.01 +3.80 .7844 iShS&P500Value IVE 2.0 153.41 +4.02 .8421 SchwabUS LC SCHX 1.6 47.12 +1.35 .2124
JPMBetaEurope BBEU 4.4 52.59 +1.81 .2267
VangdEM GovBd VWOB 5.1 63.08 +0.62 .2803 iShS&PGSCIComm GSG ... 21.15 +1.18 ... SchwabUS LC Grw SCHG .5 58.19 +2.82 .0864
JPMBetaIntl BBIN 2.6 53.36 +1.93 .18 FlexGlbUpstmNatRsc GUNR 3.9 45.76 +1.25 .2439 iShUSOilEquip&Svcs IEZ .6 22.89 +1.52 .0392
VangdIntrCorpBd VCIT 2.9 80.22 +1.01 .2303 iShS&PMC400Value IJJ 1.8 108.49 +4.18 .557 SchwabUS LC Val SCHV 2.3 68.70 +0.88 .4646
JPMBetaJapan BBJP 1.5 46.78 +1.62 .6803 FlexiBx3YDurTIPS TDTT 6.9 23.68 +0.07 .0952 iShUSMedDevices IHI .4 54.48 +1.10 .0728
VangdIntermTrea VGIT 1.7 59.77 +0.32 .1185 iShShtNatlMuniBd SUB .9 104.80 +0.21 .1056 SchwabUS MC SCHM 1.6 69.97 +2.69 .3457
JPMUltShMuni JMST 1.1 50.64 +0.06 .0776 FrankFTSE SKorea FLKR 2.8 21.51 +0.90 .1377 iShAdvTotUSDBd EUSB 2.2 43.34 +0.31 .0976
VangdIntlDivApp VIGI 2.0 73.28 +1.70 .443 iShSilver SLV ... 22.33 +0.41 ... SchwabUS REIT SCHH 2.4 20.53 +0.84 .1681
-1xShVIXFutures SVIX ... 17.06 +1.65 ... GlbXCopperMiners COPX 2.7 41.07 +2.71 .3955 iShEurope IEV 2.8 49.29 +1.62 .2014
VangdIntlHiDiv VYMI 4.4 63.49 +1.84 .6675 iShTIPSBondETF TIP 6.8 108.17 +0.27 .3491 SchwabUS SC SCHA 1.3 43.45 +2.08 .2084
PacerGlCashCows GCOW 4.1 33.79 +0.93 .381 GlbXLithium LIT .9 64.44 +3.83 .5166 iShGlobalEnergy IXC 4.6 40.17 +1.30 1.0962
VangdLTCorpBd VCLT 4.1 81.34 +1.95 .302 iSh10+YIGCpBd IGLB 4.3 53.34 +1.19 .1859 Schwab US TIPs SCHP 7.1 52.61 +0.19 .431
PacerUSCashCows100 COWZ 1.8 48.92 +1.48 .3209 GlbXRuss2000Cvr RYLD 12.4 19.22 +0.17 .1874 iShGlbHlthcr IXJ 1.2 85.50 +0.24 .4397
VangdLongTrea VGLT 2.7 65.73 +0.90 .1584 iShTreaFRBd TFLO 1.7 50.49 +0.08 .1685 SPDR DJIA Tr DIA 1.8 343.04 +6.76 .7504
PacerUSSCCash100 CALF .8 38.20 +1.60 .1124 GlbXS&P500Cv XYLD 13.1 40.29 +0.44 .3822 iShGlobalREIT REET 2.3 23.99 +0.93 .2813
VangdMBS VMBS 2.3 46.92 +0.39 .1151 iShRussellMCGrowth IWP .7 88.04 +3.64 .2362 SPDR EurSTOXX FEZ 2.7 43.25 +2.15 .1663
ProShS&P500Arist NOBL 1.9 93.43 +1.52 .6004 GlbXSilverMiners SIL .4 31.24 +0.92 .0632 iShGlobalTech IXN .8 47.66 +2.26 .1869
VangdRuss1000Grw VONG .9 57.50 +2.22 .146 iShUS Energy IYE 3.3 47.75 +1.47 .4137 SPDR MSCI exUS CWI 3.0 25.82 +0.83 .35
ProShShtVIXST SVXY ... 63.53 +3.26 ... GlbX US Pfd PFFD 6.1 20.88 +0.39 .105 iShGoldTr IAU ... 36.45 +1.02 ...
VangdRuss1000Val VONV 2.1 69.55 +1.37 .4246 iShUSTech IYW .5 78.37 +3.90 .1474 SPDR S&PMdCpTr MDY 1.3 470.65 +16.52 1.6655
ProShUltVIXST UVXY ... 5.39 –0.94 ... GlbX Uranium URA .7 22.14 +0.97 .0492 iShGoldTrMicro IAUM ... 19.18 +0.53 ...
iSh0-5YHYCorpBd SHYG 5.4 42.07 +0.45 .2277 SPDR S&P 500 SPY 1.6 398.50 +10.42 1.7814
ProShVIXSTFut VIXY ... 9.72 –1.10 ... VangdRuss2000 VTWO 1.4 75.47 +3.82 .4155 GSTreasury0-1Y GBIL 1.4 99.84 +0.10 .3099 iShiBdsDec28Cp IBDT 3.2 24.93 +0.21 .079
iSh0-3MTreaBd SGOV 1.5 100.29 +0.08 .3267 SPDR S&P Biotch XBI ... 87.88 +4.72 ...
2xLongVIXFut UVIX ... 4.18 –1.03 ... VangdSTCpBd VCSH 2.0 76.07 +0.35 .1693 GSActiveBetaIntlEq GSIE 2.8 30.67 +0.90 .1453 iShiBdsDec25Cp IBDQ 2.2 24.54 +0.09 .0537
JanusHenShrtDur VNLA 4.3 47.56 +0.03 1.334 SPDR S&P Div SDY 2.5 129.60 +1.63 .89
VanEckAMTFrIntMuni ITM 1.9 46.39 +0.39 .0815 VangdShtTmInfltn VTIP 6.8 46.92 +0.11 1.117 GSActiveBetaUSLC GSLC 1.5 79.09 +1.94 .3508 iShiBdsDec24Cp IBDP 2.0 24.57 +0.05 .05
JPMEquityPrem JEPI 11.4 55.70 +0.52 .5729 SPDR S&P Home XHB 1.0 66.57 +2.95 .1949
VanEckHYMuni HYD 3.8 52.37 +0.64 .1728 VangdShortTrea VGSH 1.1 58.17 +0.10 .1145 Gotham1000Value GVLU ... 19.84 +0.57 ... iShiBdsDec27Cp IBDS 2.8 23.82 +0.14 .0678
JPMIntlResearchEnh JIRE 2.4 54.08 +2.03 1.3106 SPDR S&P MtlMng XME 1.5 56.22 +3.35 .3518
VanEckMstrWdMoat MOAT 1.2 70.13 +3.21 .8119 VangdTotalBd BND 2.4 73.97 +0.62 .1723
JPM UltShIncm JPST 1.6 50.21 +0.04 .141 SPDRS&POil&Gas XOP 2.4 139.09 +7.53 .9502
VanEckVietnam VNM .9 12.49 +0.06 .0034 VangdTotIntlBd BNDX 1.5 48.52 +0.22 .2153
KraneCSIChInt KWEB ... 35.38 +0.81 ... SPDR S&P Retail XRT 2.0 65.99 +3.24 .544
VangdUltShrtBd VUSB 1.5 49.13 +0.09 .1286 VangdTotIntlStk VXUS 2.9 55.54 +1.81 .6289
MatlsSelSector XLB 2.1 83.79 +3.42 .509 TechSelectSector XLK 1.0 130.49 +5.76 .3654
VicShUSAACrIntBd UITB 2.0 46.96 +0.59 .0148

Selected ETF Leaders

NASDAQ MicroFang3xLvg BULZ ... 26.96 +4.09 ... TeucriumWheatFd WEAT ... 7.51 –0.01 ...
WisdTrUSQltyDiv DGRW 2.1 62.21 +0.97 .2302
MicroFANG-3XInvr FNGD ... 47.13 –13.12 ... USGlobalJets JETS ... 20.17 +1.74 ...
AXSShInnovDly SARK .0 47.09 –7.09 13.748 MicroFang+3x FNGU ... 52.89 +11.28 ... UtilitiesSelSector XLU 2.9 71.33 +0.33 .5722
NYSE ARCA
AXSTSLABrDly TSLQ .6 78.29 –6.79 2.0285 MicroGold3XInvr GDXD ... 5.61 –0.61 ... VanEckGoldMin GDX 1.5 32.65 +1.09 .4762
AXS2XInnovation TARK ... 54.83 +12.89 ... ARK Innovation ARKK ... 35.99 +4.62 ... NuvGrowthOpps NUGO .2 18.16 +0.68 .0453 VanEck IG FR FLTR 2.3 25.05 +0.06 .1002
ARK NextGen ARKW ... 43.95 +5.47 ...
Invesco QQQ Trust
CabanaTarget10 TDSC 2.1 22.33 +0.26 .2413 4.53% PGIMUltraShBd PULS 2.3 49.20 +0.02 .1439 VanEckJPMEMLCBd EMLC 5.4 25.31 +0.53 .1213
CabanaLdgAgg CLSA .0 18.55 +0.30 .1927 abrdnBbgAllCmdK1 BCI 20.2 21.82 +0.72 4.4075 (QQQ) PimcoEnhShMat MINT 1.9 99.08 +0.18 .33 VanEckJrGoldMin GDXJ .5 40.40 +0.92 .1825
CabanaLdgCon CLSC .0 19.84 +0.16 1.0094 abrdnPhysGold SGOL ... 18.41 +0.52 ... Pimco0-5YHyCpBd HYS 4.9 91.87 +1.02 .51 VanEckMerkGoldTr OUNZ ... 18.63 +0.53 ...
CabanaLdgMod CLSM .0 20.41 +0.30 .638 abrdnPhysSilver SIVR ... 23.32 +0.42 ... iShares Core S&P ProShBitcoin BITO ... 12.38 +1.71 ... VanEckOilSvcs OIH .9 327.94 +22.36 2.8887
DirexTSLABr1x TSLS .2 48.40 –4.20 .0563 AdvShPureUSCan MSOS ... 7.02 –0.08 ... 4.50 ProShShBitcoin BITI .2 33.34 –5.51 .0258 VangdInfoTech VGT .9 335.65 +15.61 .872
DirexTSLABl1.5x TSLL 1.0 6.10 +0.66 .0479 AGFiQ US NeutAB BTAL 1.0 20.43 –1.02 .2132
Small Cap (IJR)
ProShShtDow30 DOG .4 32.26 –0.59 .1354 VangdSC Grwth VBK .5 216.15 +12.64 .469
FidelityNasdaq ONEQ .9 43.35 +1.91 .139 AlerianMLPETF AMLP 7.3 40.13 +0.91 .75 ProShShortHY SJB .5 18.26 –0.28 .0873 VangdSC Val VBR 1.9 168.78 +5.72 1.119
FT CapStrength FTCS 1.2 76.58 +0.59 .2915 AmpCWPEnhDiv DIVO 4.7 36.58 +0.45 .1442 iShares Core MSCI ProShShortQQQ PSQ .4 13.96 –0.63 .0509 VangdCommSvcs VOX .8 89.72 +3.55 .1956
FT CloudComp SKYY .2 60.20 +4.00 .0113 ArkFinInnov ARKF ... 16.34 +1.89 ... 3.46
EAFE (IEFA) ProShShRuss2000 RWM .4 22.96 –1.21 .0959 VangdDivApp VIG 1.9 156.66 +2.18 .8687
FT EnhShtMat FTSM 1.6 59.55 +0.07 .191 AvantisUSSCValue AVUV 1.6 79.60 +3.11 .4186 ProShShrtS&P500 SH .3 15.41 –0.38 .051 VangdEnergy VDE 3.6 124.57 +3.93 1.3611
FT GlTactCommod FTGC 6.8 24.47 +0.82 2.5279 BNYMellonCoreBd BKAG 2.4 42.88 +0.38 .1093 ProShSh20+Tr TBF .4 21.17 –0.31 .0822 VangdFTSEDevMk VEA 2.7 45.02 +1.50 .4895
FT GlbNatRscs FTRI 7.9 14.60 +0.53 .1858 CapitalGrpDivVal CGDV 1.3 24.58 +0.41 .1394 Vanguard FTSE ProShUltBlmCrude UCO ... 30.25 +4.11 ... VangdFTSE EM VWO 3.8 42.14 +1.15 .6347
3.45
FT LowDurOpp LMBS 2.2 48.00 +0.33 .13 CapGrpGlbGrw CGGO .6 22.38 +0.80 .081 Developed Markets ProshUltBlmNatGas BOIL ... 10.74 –1.42 ... VangdFTSE Europe VGK 3.0 60.28 +2.08 .3979
FT NasdCybersec CIBR .3 38.52 +0.59 .0954 CapitalGrpGrw CGGR .3 21.29 +0.86 .0469
(VEA) ProShUltraQQQ QLD .3 38.81 +3.21 .1092 VangdFTSE Pac VPL 2.6 67.77 +2.08 1.026
FTRisingDivAch RDVY 2.1 46.63 +1.28 .3756 CapGrpIntlFocus CGXU .9 22.43 +0.82 .1215 ProShUltRus2000 UWM .4 35.70 +3.44 .1259 VangdFinls VFH 2.2 87.65 +2.10 .6167
FT SMID CapRising SDVY 2.1 28.07 +1.07 .2302 CapGrpShDur CGSD 3.8 25.51 +0.09 .0823 Vanguard Total Stock
3.09 ProShUltraS&P SSO .5 48.13 +2.44 .1815 VangdFTSEAWxUS VEU 2.9 53.91 +1.73 .6186
FT SrLoanFd FTSL 4.7 45.62 +0.34 .27 CommSvsSPDR XLC 1.0 52.35 +1.95 .1177 Market (VTI) ProShUltSilver AGQ ... 32.74 +1.17 ... VangdGrowth VUG .7 225.01 +10.86 .4483
FT TCW Opp FIXD 3.0 45.37 +0.54 .16 CnsmrDiscSelSector XLY .9 139.70 +7.63 .3658 ProShUltDow30 UDOW .8 62.51 +3.45 .1821 VangdHiDiv VYM 2.9 111.44 +0.67 .9745
FT TacticalHY HYLS 7.1 40.54 +0.62 .215 CnsStapleSelSector XLP 2.5 74.74 –1.04 .533 ProShUltRus2000 URTY .2 45.94 +6.52 .1053 VangdIntermBd BIV 2.3 76.58 +0.68 .1717
SPDR Gold Shares
GlbX Cybersec BUG ... 20.69 +0.50 ... DimenCoreFxIncm DFCF 2.6 42.75 +0.39 .2376 2.91 ProShUltS&P500 UPRO .5 36.79 +2.72 .1361 VangdLongTermBd BLV 3.8 77.44 +1.51 .2526
GlbXNasd100Cv QYLD 13.2 16.56 +0.47 .1614 DimenEmgCore DFAE 2.6 23.67 +0.64 .1603 (GLD) ProShUltShDow30 SDOW .4 24.33 –1.46 .0972 VangdMC VO 1.5 214.69 +6.90 1.1208
GlbX Robotics&AI BOTZ .2 22.49 +1.25 .0466 DimenEMCore2 DFEM 2.5 24.16 +0.60 .1501 ProShShtRus2000 SRTY .2 43.79 –7.39 .0895 VangdMC Val VOE 2.2 142.42 +2.92 1.1028
InvscActMgdETC PDBC 12.9 14.92 +0.77 1.9283 DimenIntlCore DFAI 2.5 26.79 +0.86 .1332 Vanguard FTSE ProShUltS&P500 SPXU .4 14.91 –1.21 .0664 VangdRealEst VNQ 3.7 88.18 +3.81 1.1635
InvscBS25CpBd BSCP 2.2 20.27 +0.03 .0489 DimenIntlValue DFIV 3.6 32.49 +0.97 .2946 2.81 ProShUltBloomCrd SCO ... 23.52 –3.80 ... VangdS&P500ETF VOO 1.6 366.23 +9.64 1.6717
DimenUSCore DFAU 1.3 28.28 +0.78 .1129
Emerging Markets
InvscBS25HYCpBd BSJP 5.2 22.63 +0.20 .1249 ProShUltShBlmGas KOLD ... 40.05 +3.45 ... VangdST Bond BSV 1.5 76.00 +0.20 .1212
InvscBS24CpBd BSCO 2.1 20.61 +0.03 .0473 DimenUSCoreEq2 DFAC 1.4 25.49 +0.73 .1242 (VWO) ProShUltDow30 DXD .3 40.39 –1.56 .1073 VangdSC VB 1.4 196.18 +8.76 1.0092
InvscBS24HYCpBd BSJO 4.8 22.59 +0.16 .1208 DimenUSEquity DFUS 1.4 43.37 +1.17 .1918 SPDR S&P 500 ETF ProShUltShEur EPV .4 10.78 –0.78 .0419 VangdTaxExemptBd VTEB 2.0 50.50 +0.45 .1106
2.69
InvscBS26CpBd BSCQ 2.5 19.18 +0.10 .0542 DimenUSHiProf DUHP 1.1 25.05 +0.42 .1125 Trust (SPY) ProShUltShQQQ QID .2 23.34 –2.14 .038 VangdTotalStk VTI 1.6 200.04 +6.00 .9305
InvscBS23CpBd BSCN 1.5 21.03 +0.01 .0365 DimenUSLCVal DFLV .4 25.76 +0.56 .0272 ProShUltShRus2000 TWM .2 14.41 –1.58 .0288 VangdTotWrldStk VT 2.1 91.08 +2.70 .6381
InvscBS23HYCpBd BSJN 4.1 23.58 +0.03 .1218 DimenUSMktVal DFUV 1.7 35.07 +0.83 .1346 ProShUltShS&P500 SDS .4 42.39 –2.24 .159 VangdValue VTV 2.4 144.53 +1.13 1.0406
InvscHYEquDivAch PEY 4.1 21.44 +0.14 .1138 DimenUSSCValue DFSV .8 26.55 +0.98 .1048 Vanguard Dividend ProShUltraSh20+ TBT .5 28.24 –0.91 .1359 WisdTrEMxSOE XSOE 2.3 29.30 +0.97 .225
1.41
InvscIntlDivAch PID 3.1 17.77 +0.54 .0794 DimenWorldexUS DFAX 3.1 23.09 +0.67 .1867 Appreciation (VIG) RealEstSectorSPDR XLRE 3.5 39.56 +1.68 .4207 WisdTrEM HiDiv DEM 8.0 38.17 +1.00 .4308
InvscKBWBank KBWB 2.9 55.21 +1.25 .4071 DirexCSIChinaInt CWEB ... 68.68 +2.67 ... RoundBallMeta METV .1 8.04 +0.61 .0063 WisdTrFRTrea USFR 1.8 50.35 +0.05 .183
InvscNasd100 QQQM .8 115.60 +5.06 .2704 DirexDJBear3X WEBS .3 29.49 –6.87 .062 SPDRBlackSrLoan SRLN 5.6 41.96 +0.34 .24 WisdTrIndiaEarn EPI 5.8 33.58 +0.59 .0002
InvscQQQI QQQ .8 280.97 +12.17 .5186 DirexDJBull3X WEBL ... 7.01 +1.25 ...
Vanguard Total Bond SPDRBlmCvSecs CWB 2.1 67.07 +2.08 .3567 WisdTrJapanHdg DXJ 3.0 65.42 +0.69 1.0647
0.85
iSh3-7YTreaBd IEI 1.3 117.13 +0.64 .1921 DirexEnergyBr2 ERY ... 27.48 –1.51 ... Market (BND) SPDRBlmEMLocBd EBND 4.6 21.44 +0.40 .0894 WisdTrYdUSAggBd AGGY 2.7 44.05 +0.48 .13
iShBiotech IBB .3 136.23 +3.09 .1014 DirexEnergyBl2 ERX 2.1 70.02 +3.64 .3298 SPDR Blm HY Bd JNK 5.8 93.96 +1.52 .5753 XtrksHarvCSI300 ASHR 1.0 30.85 +1.13 .3162
iShBrdUSDInvCpBd USIG 3.0 50.95 +0.62 .1524 DirexChinaBr3 YANG ... 7.94 –0.63 ... Source: Barron’s Statistics SPDRBlmIntTrBd BWX 1.2 23.29 +0.51 .0295 XtrksMSCIHiDiv HDEF 5.1 23.07 +0.47 .0943
iShCoreMSCITotInt IXUS 2.3 62.21 +1.98 .49 DirexChinaBl3 YINN .8 65.88 +4.96 .4561 SPDRBlmInvGrdFR FLRN 1.9 30.49 +0.01 .0889 XtrksMSCIEAFE DBEF 1.9 34.19 +0.64 .1397
iShCore1-5YUSDBd ISTB 2.0 47.02 +0.18 .0993 DirexFinlBear3 FAZ .0 16.40 –1.02 .0009 SPDRBB1-10YTIPS TIPX 6.0 18.65 +0.06 .0263 XtrksUSDHYCpBd HYLB 5.3 35.14 +0.53 .1529
January 16, 2023 BARRON’S 55

D ATA MUTUAL FUNDS D ATA P R O V ID E D BY LIP P E R B A R R ON S .C OM / D ATA

About Our Funds
The listings include the top 1250 NOTICE TO READERS: Closed End Fund listings have moved to

Cash Track
open-end funds by assets. These
funds value their portfolios daily barrons.com/cefund. They will no longer appear in print. The
and report net asset values (the
dollar amount of their holdings Herzfeld chart has moved to the Market Lab Newsletter. To sign
divided by the number of shares
outstanding) to the National up for the newsletter, go to barrons.com/newletters. Cashing Out: Investors pulled cash from equity funds, widening the last month’s average weekly outflow to
Association of Securities Dealers.
Total returns reflect both price $15.7 billion. Taxable-bond funds saw new cash, which shrank their average outflow to $4.7 billion. But out-
changes and dividends; these Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. flows swelled at muni-bond funds to $2.5 billion. At money-market funds, inflows narrowed to $13.7 billion.
figures assume that all distribu- NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret.
tions are reinvested in the fund. IntBdA 12.61 0.06 1.5 -0.3 Bridge Builder Trust: GlRESec 10.31 0.42 6.2 -1.4
Because Lipper is constantly up-
dating its database, these returns IntlGrIncA 34.19 1.04 7.2 5.7 CoreBond 9.07 0.08 2.8 -4.1 InfProtSec 11.02 0.05 1.8 4.8
may differ from those previously LtdTEBdA 15.24 0.10 1.3 0.0 CorePlusBond 8.96 0.09 3.0 -2.7 IntGvFxdInc 11.12 0.07 2.8 -6.2 Equity Funds Municipal Bond Funds
published or calculated by others. N PerA 50.26 1.74 6.2 21.0 Intl Eq 11.56 0.40 7.8 1.9 IntlCoreEq 14.40 0.46 6.6 13.0
3 year returns are cumulative. The NEcoA 45.90 1.83 5.5 8.0 LargeCapGrowth 17.92 0.70 4.9 23.7 IntlREst 3.91 0.15 5.4 -14.6 7100 -400
NAV is the last reported closing NwWrldA 70.79 2.61 6.5 6.2 IntlSustCore1 11.35 0.34 6.8 9.7
price for the week. Footnotes: NA: LargeCapValue 15.60 0.24 3.9 34.4
not available. NE: performance SmCpA 60.11 2.61 7.1 12.3 MunicipalBond 9.89 0.10 2.1 -0.4 IntlVal 18.95 0.58 6.6 19.7 200 -1200
excluded by Lipper editor. NN: fund STBFA 9.49 0.01 0.5 -0.9 S/MCapGrowth 12.34 0.50 5.0 12.6 IntlVectorEq 12.61 0.41 6.5 14.0
not tracked. NS: fund not in STTxExBdA 9.91 0.04 0.9 0.2 S/MCapValue 13.08 0.36 5.7 28.1 IntSmCo 18.48 0.58 6.1 10.1 -6700 -2000
existence for whole period. e: ex TECAA 16.58 0.18 2.4 -1.7 IntSmVa 19.93 0.62 6.0 12.7
capital gains distributions. f: Brown Advisory Funds:
previous day’s quote. n: no front- TxExA 12.33 0.15 2.5 -1.2 GrwthEquityInst 22.83 0.98 5.4 6.6 IntTermMuni 10.02 0.06 1.3 0.2 -13600 -2800
or back-end sales charge. p: fund WshA 53.27 0.62 2.5 29.0 IntVaIII 16.31 0.49 6.5 20.0
assets are used to pay marketing AMG Managers Funds: C LgCo 27.25 0.71 4.2 27.4 -20500 -3600
and distribution costs (12b-1 fees). LgCpIntl 24.67 0.78 6.7 12.6
r: fund levies redemption fee or YachtmanFocFd I 18.87 0.44 4.6 29.0 Nov Dec Jan Nov Dec Jan
back-end load. s: stock dividend or YacktFocFd N n 18.95 0.45 4.6 28.3 Calamos Funds: STExQual 10.17 0.04 0.9 -2.9
split of 25% or more. t: fund charges YacktmanFd I 22.04 0.45 4.3 30.9 MktNeutI 13.97 0.14 1.5 7.1 STGov 9.80 0.02 0.3 -5.0
12b-1 fees (for marketing and Angel Oak Funds Trst: Calvert Investments: STMuniBd 10.10 0.02 0.5 0.8 Money Market Funds Taxable Bond Funds
distribution) and a back-end load.
v: capital-gains distribution may be AglOkMtiStFdClIn 8.61 0.05 1.0 -9.7 Eq A 69.21 2.08 4.6 34.8 US CoreEq1 31.24 0.86 4.9 30.7 24900 -1500
a return of capital. x: ex cash AQR Funds: Carillon Scout: US CoreEq2 28.49 0.79 4.9 32.4
dividend. US Micro 24.43 1.01 6.7 33.5 17200 -3500
LgCapDefStyle I 25.62 0.22 2.5 21.8 MidCap I 20.29 0.62 4.7 26.0 US Small 41.20 1.55 6.4 33.6
Net YTD 3-Yr. MgdFutStrI 8.38 -0.18 -3.8 28.0 CausewayInst :
NAV Chg. % Ret. % Ret.
US SmCpVal 41.75 1.42 6.3 47.8 9500 -5500
ArbitrageI : CausewayInst 17.44 0.68 9.5 16.7 US TgdVal 29.21 1.08 6.6 47.4
A ArbitrageI 12.74 0.03 0.2 6.1 CIBC Atlas: USLCpGr 26.59 0.49 4.1 32.9
Artisan Funds: DispEq Inst 25.08 0.74 4.1 24.2 USLgVa 43.50 0.88 4.8 25.7
1800 -7500
AAM: GblOppInst 27.63 NA NA NA ClearBridge: USLgVaIII 28.47 0.58 4.8 26.0
Intl Inv n 25.68 NA NA NA USSoCoreEq2 20.39 0.67 5.9 27.2
-5900 -9500
B&GIncGroClI 22.87 0.11 2.9 24.1 AggressGrowthA101.71 3.46 5.5 -0.1
AB Funds: IntlInst 25.81 NA NA NA AllCapValueA 12.69 0.25 4.2 20.3 USSustCoreI 31.65 0.87 4.9 31.1 Nov Dec Jan Nov Dec Jan
CapFdInc.LCapGow 72.85 2.74 4.3 25.7 IntlVal Inst 41.18 NA NA NA AppreciationA 27.69 0.53 3.0 25.5 USVectorEq 22.63 0.73 6.1 32.9
IntlVal Inv n 41.06 NA NA NA DividendStrat1 n 27.59 0.40 3.2 28.4 Dodge & Cox: A red chart indicates a lower value than the starting period. Green means it's higher than the starting period.
IntlStraEquPtZ 11.37 0.36 8.2 1.1
MidCapInst 34.92 NA NA NA DividendStratA 27.57 0.40 3.1 27.3 Balanced n 97.32 1.75 4.3 22.7 The charts above show four-week moving averages of net cash flow in millions of dollars. BARRON'S • Lipper FMI
MuniIncmShares 11.15 0.18 3.1 2.0
AB Funds - A: MidCapInv n 29.27 NA NA NA LargeCapGrowthA42.38 1.84 6.0 9.3 Dodge & Cox n 10.40 0.19 3.2 4.4
LgCpGrA 64.85 2.44 4.3 24.5 LargeCapGrowthI 49.35 2.15 6.0 10.3 GblStock n 13.50 0.39 7.1 26.9
B LargeCapValueI 37.66 0.56 3.3 27.9 Income n 12.57 0.14 3.1 -0.7 Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr.
RelatValA 6.07 0.10 3.6 30.2 NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret.
AB Funds - ADV: SmallCapGrowthIS 40.12 2.35 7.5 21.0 Intl Stk n 46.38 1.49 7.6 12.8
Baird Funds: IntrTresBdIxPrem n 9.84 0.06 2.8 -5.6 FF2040 n 9.44 0.30 6.2 17.6 FltRateHi n 9.11 0.07 1.7 8.3 StratDivInc n 15.93 0.25 3.7 22.5
Cohen & Steers: Stock n 225.56 4.68 4.6 34.4
GlbBd 6.87 NA NA NA AggBdInst 9.87 0.10 2.8 -5.1 LgCpGwId InstPre n 21.73 0.84 4.4 26.2 FF2045 n 10.85 0.35 6.3 17.7 FocsdStk n 24.47 0.72 3.5 24.8 TaxFrB n 10.91 0.15 2.8 -1.2
GlbRltyI 51.07 1.83 5.5 -2.3 DoubleLine Funds:
HiIncmAdv 6.76 NA NA NA CorBdInst 10.14 0.10 2.7 -4.0 LgCpVlIdxIstPrem n 15.46 0.29 4.5 23.9 FF2050 n 10.97 0.35 6.2 17.6 FournOne n 49.65 1.40 5.5 16.2 TotalBond n 9.61 0.09 3.1 -2.4
IntlStraEquPtADV 11.35 0.35 8.1 1.1 InstlRlty 45.34 1.80 6.5 10.7 CoreFxdIncmI 9.46 0.10 2.9 -6.0 GNMA n 10.37 0.09 3.0 -6.2
IntBdInst 10.25 0.06 1.7 -1.9 LTTrsBdIdxInstPr n 10.80 0.14 6.6 -17.2 Free2055 n 12.72 0.41 6.3 17.7 TotalBond K6 8.95 0.09 3.1 -1.9
LgCpGrAdv 72.94 2.74 4.3 25.4 PrefSecIncnI 12.24 0.27 4.2 -0.4 LowDurBdI 9.46 0.04 0.9 0.7 GovtInc n 9.37 0.06 2.7 -6.8
ShtTBdInst 9.29 0.03 0.8 0.7 MidCpInxInstPrem n 27.38 0.90 5.6 23.9 Free2060InstPrem 14.51 0.42 5.6 15.0 Trend n 116.38 6.74 7.2 23.2
SelectUSLgShrt 12.43 0.08 1.1 17.0 RltyIncI 16.15 0.66 6.5 9.0 ShillerEnhCAPEI 12.65 0.55 7.1 17.4 OTCK6Port 14.88 0.66 5.8 27.3 GroCo n 23.87 1.09 6.0 38.0
Baron Funds: Freedom2015 K 10.72 0.20 4.2 6.5 Value n 13.45 0.57 7.7 45.7
SmMidCpValAdv 21.77 0.72 7.5 27.3 RltyShs n 62.30 2.51 6.6 10.2 TotRetBdI 9.04 0.09 3.1 -6.5 RealEstIdxInst n 15.54 0.67 7.0 -1.7 GroInc n 50.06 1.46 5.2 34.0
Asset n 91.51 3.35 5.4 13.8 Freedom2020 K 13.35 0.28 4.7 7.9 ValueDisc n 35.98 0.34 2.4 33.0
Aberdeen Fds: Colorado BondShares: TotRetBdN n 9.03 0.08 3.0 -7.2 SAIUSLgCpIndxFd 17.52 0.47 4.2 27.6 GrowCoK 23.98 1.10 6.1 38.3
Growth n 91.20 3.96 7.3 28.4 Freedom2020K6 13.29 0.28 4.7 8.2 Wrldw n 26.17 0.73 4.1 17.5
EmMktEqty Inst 13.68 0.52 9.5 -5.0 ColoradoBdShs 8.74 NA NA NA SeriesBondFd 9.12 0.08 2.9 -5.8 Freedom2025 K 12.29 0.28 5.0 9.4 GrStrt n 48.40 1.69 3.7 16.1 Fidelity SAI:
Partners n 117.78 6.19 5.6 83.8 E
Advisers Inv Trst: Columbia Class A: SeriesOverseas 11.68 0.46 7.6 13.7 Freedom2025K6 12.25 0.29 5.1 9.8 GwthDiscovery n 42.39 1.48 3.8 33.1
Baron Instl Shares: FidSAIEmgMktIndx 13.20 0.38 8.3 -4.4
BalancedA 42.15 0.95 4.0 14.8 Eaton Vance Class A: SerLTTreBdIdx 6.24 0.09 6.6 -17.3 Freedom2030 K 15.39 0.38 5.3 11.5 HighInc n 7.55 0.11 3.9 -2.9 FidSAIIntlIndxFd 12.58 0.42 7.1 10.0
Balanced n 81.79 1.38 3.0 23.8 AssetInst 96.63 3.54 5.4 14.7
ContCoreA 25.35 0.76 4.4 25.6 SmCpIdxInstPrem n 23.26 1.17 7.2 17.5 Freedom2030K6 15.33 0.39 5.3 11.9 IntBd n 10.03 0.05 1.8 -2.1 IntlValIdx 8.92 0.29 7.2 9.9
Growth n 99.62 1.90 3.5 33.7 EmergingMktsInst 14.19 0.54 8.8 -5.6 TMG1.1 77.59 2.12 4.2 25.2
DisplCoreA 11.35 0.25 3.7 24.2 STBdIdx InstPrem n 9.57 0.04 1.1 -1.3 Freedom2035 K 13.29 0.38 5.7 15.3 IntlDisc n 41.92 1.27 5.7 6.2 LowDurationInc 9.93 0.01 0.3 NS
AdvisorsInnerCir: GrowthInst 96.03 4.17 7.3 29.4 Eaton Vance Class I:
DivIncA 29.59 0.22 2.4 30.5 STTreIdx InstPre n 9.95 0.03 1.1 -1.7 Freedom2035K6 13.24 0.38 5.8 15.7 IntlEnhIdx n 9.94 0.29 6.2 9.2 SAIEmgMktLoVolIx 10.18 0.19 4.1 4.5
LSVValEq 25.22 0.44 5.6 26.5 PartnersInst 122.33 6.43 5.6 85.3 AtlCpSMID 35.43 0.58 3.7 27.5 IntlGrRet n 17.21 0.71 8.1 10.2
DivOpptyA 35.93 0.23 3.2 28.6 TMktIdxInstPrem n 110.90 3.33 4.6 25.6 Freedom2040 K 9.45 0.30 6.2 18.0 SAIInflaFocFd 9.72 0.31 -0.7 46.6
Akre Funds: SmallCapInst 28.87 1.64 9.0 19.4 FltgRt 8.30 0.07 1.7 5.5 IntMu n 10.07 0.09 1.8 0.2
LgCpGrowA 43.22 1.71 4.2 18.0 TotalMarketIndex n 13.97 0.42 4.6 26.3 Freedom2040K6 9.40 0.30 6.2 18.6 ShortTermBd 9.54 0.02 0.7 NS
AkreFocusInst 51.57 2.05 7.3 20.9 Bernstein Fds: GblMacAbR 8.20 0.08 0.7 5.4 TtlIntIdxInstPr n 12.54 0.40 7.1 6.9 InvGB n 7.27 0.07 3.1 -3.3
LgCpVl A 15.47 0.27 4.2 27.9 Freedom2045 K 10.84 0.35 6.3 18.1 TotalBd 9.10 0.09 3.2 -2.1
AkreFocusRtl 49.71 1.98 7.3 19.9 DivrMuni n 13.84 0.10 1.5 0.4 LiGoBalA 10.26 0.24 4.5 7.6 IncBos 5.04 0.07 3.7 5.5 USBdIdxInstPrem n 10.46 0.08 2.8 -5.8 Freedom2045K6 10.79 0.35 6.3 18.6 InvGrBd 10.14 0.09 3.1 -1.9 TxFreeBd 9.95 0.13 2.7 -1.8
AmanaGrowth n: IntmDur n 11.54 0.09 2.6 -6.6 SelgComuInfoA 87.59 3.78 7.1 42.4 NatlMuniInc 9.31 0.13 3.1 -0.4 USSusIdx n 17.37 0.51 4.3 27.5 Freedom2050 K 10.97 0.36 6.3 18.1 LargeCap n 39.73 1.36 5.7 31.7 U.S.TreBdIdx 8.87 0.05 2.6 -6.1
AmanaGrowth n 59.72 1.40 4.4 43.4 BlackRock Funds: TaxEA 11.88 0.17 3.2 -4.4 Edgewood Growth Instituti: Fidelity Adv Focus A: Freedom2050K6 10.94 0.36 6.3 18.6 LCapCrEIdx n 18.46 0.41 3.4 30.8 USMomentumIdx 13.89 0.01 0.0 31.0
Amer Beacon Insti: CoreBd Inst 8.47 0.08 3.2 -5.4 Columbia Class Adv: EdgewoodGrInst 33.61 1.64 7.4 8.4 HthCarA 59.12 2.25 2.3 18.9 Freedom2055 K 12.72 0.41 6.3 18.0 LCapGrEIdx n 23.76 0.80 3.7 29.7
USValueIndex 11.22 0.29 6.0 27.8
SmCpInst 24.06 0.95 7.3 32.8 HiYBlk 6.89 0.11 4.0 4.1 TechA 65.76 3.81 5.8 34.0 Freedom2055K6 12.69 0.41 6.3 18.6 LevCoSt n 32.88 1.24 5.4 26.6
DivIncom 30.18 0.23 2.4 31.5 Fidelity Selects:
HiYldBd Inst 6.88 0.10 3.8 3.8 F Fidelity Advisor: Idx2020InsPre 14.70 0.28 4.3 6.1 LgCpVHIdx n 14.82 0.21 3.4 29.1
American Century G: Columbia Class C: Biotech n 16.77 0.44 3.0 6.9
InflProtBdInst 9.93 0.05 1.9 6.1 Idx2025InsPre 16.64 0.35 4.6 7.4 LmtTrmMuniIncm n 10.25 0.05 1.0 -0.2
GlBond 8.57 0.08 2.6 -6.3 DivInc 28.57 0.22 2.3 27.6 FAM Value: SrsAdvIntlCapApp 25.31 1.16 8.3 7.3 DfAero n 15.69 -0.25 0.9 -1.2
LowDurI Inst 8.93 0.03 0.8 -1.1 Idx2030InsPre 17.60 0.39 4.8 9.2 LowP n 47.67 0.94 3.2 32.6
Sustain Equity 40.42 1.29 4.3 29.2 Columbia Class I: StragInc n 11.19 0.13 3.0 1.7 Energy n 58.01 2.31 3.4 78.0
BlackRock Funds A: FAMValue n 86.82 1.80 5.2 20.1 Idx2035InsPre 19.69 0.51 5.2 12.4 LowPriStkK 47.60 0.94 3.2 32.9
American Century I: Acorn I 9.52 0.56 6.1 -3.5 TotBdFdClZ 9.60 0.10 3.1 -2.1 Health n 28.26 1.08 2.3 22.7
Federated Hermes A: Idx2040InsPre 20.01 0.57 5.5 15.0 LowPriStkK6 14.49 0.28 3.1 33.5
EqInc 9.03 0.08 3.0 18.0 AdvLgCapCore 15.82 0.46 3.9 24.5 Fidelity Advisor A: HlthCareSrvPt r n 129.54 2.62 -1.9 41.6
Balanced I 42.04 0.95 4.0 15.7 StrValDivA p 5.97 0.01 3.3 24.2 Idx2045InsPre 20.79 0.60 5.6 15.0 LtdTmBdFd n 10.92 0.05 1.2 -1.3
Growth 38.19 1.59 4.4 20.2 CapAppr 23.70 1.31 6.5 7.1 BalancA 23.00 0.57 4.1 20.0 ITSvs n 55.50 1.94 5.6 -2.9
ContCore I 25.64 0.78 4.4 26.6 Federated Hermes Int: Idx2050InsPre 20.83 0.60 5.6 15.0 Magin n 11.21 0.47 4.9 20.4
IntTF 10.84 0.09 2.0 0.3 EqtyDivd 18.99 0.39 4.3 23.5 EqGrA p/r 13.18 0.45 3.8 32.2 MdTchDevis n 63.83 2.46 3.7 24.2
DivIncom I 29.62 0.23 2.4 31.5 Idx2055InsPre 17.14 0.50 5.6 15.0 MAMun n 11.38 0.12 2.2 -2.2
MdCapVal 16.12 0.20 4.3 30.1 GlblAlloc 17.19 0.45 4.4 11.6 InsHiYld 8.62 0.12 4.0 1.7 GrOppA 93.34 5.53 5.6 16.7 Retail n 17.30 0.91 8.9 30.2
LgCpIdx I 46.57 1.23 4.2 27.0 Idx2020 Premier 14.69 0.28 4.3 NS Manager40 n 11.82 0.22 3.7 8.3
SmCapVal 9.82 0.36 7.4 38.1 HlthScOp 65.96 0.46 0.5 25.8 TtlRtnBdI 9.72 0.07 2.8 -1.7 NwInsghtA 26.59 0.86 4.3 12.9 Semiconductors r n 16.12 1.25 10.3 60.0
SelComunInfo 101.40 4.38 7.2 43.5 Idx2025 Premier 16.63 0.35 4.6 NS Manager60 n 13.57 0.34 4.6 12.4
American Century Inv: MdCpGrA 27.20 1.38 6.5 5.5 Federated Hermes IS: StrInA 11.03 0.13 2.9 0.8 Softwr n 20.56 0.95 4.5 21.7
SelLCVal 32.39 0.59 3.7 37.6 Idx2030 Premier 17.60 0.40 4.8 NS MidCap n 39.15 1.02 4.5 39.4
MultiAstIncome 9.88 0.16 3.7 3.1 KaufmnLCIS 20.59 0.74 4.9 4.3 Fidelity Advisor Fun: Tech n 18.91 1.13 6.0 27.3
DiscCoreVal n 31.77 0.44 3.6 23.9 StratInc I 21.24 0.29 3.5 0.4 Idx2035 Premier 19.69 0.51 5.2 NS MidCapEnIdx n 16.21 0.51 4.9 28.1
NatlMuni 10.21 0.14 2.8 -3.0 KaufmnSCI 44.43 2.47 6.9 6.0 InterDiscZ 41.70 1.26 5.7 6.5 MidCapStkK 39.19 1.03 4.5 39.8 UtilGr n 106.57 0.85 0.9 25.6
EqGro n 22.97 0.55 4.0 14.2 Columbia Class I2: Idx2040 Premier20.00 0.57 5.5 NS
ScTechOppA 36.64 1.91 7.2 15.1 StraValDivIS 6.01 0.01 3.3 25.2 Fidelity Advisor I: MuniInc n 12.19 0.16 2.8 -1.4 Fidelity Series:
EqInc n 9.02 0.08 3.0 17.3 DivIncom 30.14 0.22 2.3 31.7 Idx2045 Premier 20.79 0.60 5.6 NS
TotRet 10.19 0.11 3.3 -5.4 UltraShortI 8.98 0.01 0.3 1.8 NASDAQ n 139.63 6.43 5.9 22.4 Canada 13.90 0.38 5.9 30.9
Grwth n 37.08 1.54 4.4 19.5 Columbia Class I3: BalancI 23.60 0.59 4.1 21.0 Idx2050 Premier20.82 0.60 5.6 NS
BlackRock Funds III: Federated Hermes R: NewInsights Z 27.84 0.90 4.3 14.2 IntMuni Z 10.09 0.09 1.8 0.4
Heritage n 19.20 0.82 5.0 16.2 ContCore I3 26.31 0.80 4.4 27.0 ConsvIncmMuni I 9.99 0.01 0.3 1.4 Idx 2055 Premier 17.13 0.49 5.6 NS
MdCapVal n 16.10 0.20 4.3 29.4 iShS&P500IdxK468.95 12.36 4.2 27.6 KaufmnR 4.90 0.18 4.9 -6.1 FltRatel 9.10 0.06 1.6 8.1 NewMill n 41.42 1.26 4.7 33.7 FidelityAdviAsset:
iShUSAggBdIdxK 9.16 0.08 2.9 -5.7 DivIncom 30.19 0.22 2.3 31.9 Income n 10.25 0.13 3.1 2.1
OneChMod n 13.44 0.30 4.3 12.1 Federated Hermes R6: GrOppI 103.29 6.12 5.6 17.6 NewMkt n 11.83 0.18 3.0 -10.7 ADVAssetMan60 13.56 0.34 4.5 12.6
BlackRock Funds Inst: Credit Suisse Common: Fidelity Invest:
Select n 78.95 3.52 4.8 20.7 FedInstHYBondL 8.62 0.11 4.0 1.7 HthCarI 65.61 2.50 2.3 19.9 OTC n 13.56 0.59 5.7 26.1 First Eagle Funds:
AdvLgCapCore 16.72 0.48 3.9 25.4 ComdtyRet 24.92 0.78 -0.9 47.1 AggrInt n 22.59 1.04 8.2 7.3 OTC K 13.86 0.60 5.7 26.4
Ultra n 57.68 2.28 4.6 25.1 StrValL 6.01 0.01 3.3 25.3 IntlGr 17.16 0.70 8.1 10.1 GlbA 61.21 1.50 5.6 19.8
AilSectEq 9.13 0.30 4.6 33.4 Ovrse n 54.29 2.09 7.4 10.5
American Century R6: CAInsMun 11.96 0.13 2.0 -1.3 TtlRtnBdL 9.71 0.07 2.7 -1.7 NwInsghtI 27.73 0.90 4.2 13.8 OverseasA 23.65 0.60 5.3 8.9
D AMgr20% n 13.05 0.16 2.6 3.4
EmgMkts 24.37 0.89 9.4 -2.4 Fidelity: REIncmInst 11.55 0.23 4.1 3.9 PuritanK 21.31 0.51 4.1 21.5
MdCapVal 16.12 0.21 4.4 30.8 AMgr50% n 18.44 0.41 4.1 10.3 FPA Funds:
EqtyDivd 19.08 0.39 4.4 24.4 Davis Funds A: StrInI 11.19 0.13 3.0 1.5 Puritn n 21.34 0.52 4.1 21.2
SmCpVal 9.82 0.35 7.4 38.7 500IdxInstPrem n 138.74 3.66 4.2 27.7 AMgr70% n 23.61 0.65 4.9 14.9 NwInc n 9.56 0.05 1.1 1.1
FloRateIncPorIns 9.55 0.08 1.9 7.8 Total Bd 9.60 0.10 3.1 -2.5 RealE n 39.93 1.62 7.0 5.4
American Funds Cl A: NYVen A n 24.01 0.70 8.3 8.9 BalancedK6 12.31 0.31 4.1 22.2 AMgr85% n 21.78 0.68 5.4 18.0 FPA Funds Trust:
GlblAlloc 17.36 0.45 4.4 12.4 Fidelity Advisor M: RealEstInc n 11.60 0.22 4.0 3.8
2020TarRetA 12.55 0.18 3.1 10.8 Davis Funds C & Y: Contrafund K6 17.55 0.54 4.3 19.1 AstMgr30R n 11.10 0.18 3.3 5.8 SAIIntlMinVolInd 10.16 0.20 3.4 -3.4 FPACres Inst n 35.04 0.88 5.1 21.7
HiEqInc 28.25 0.47 4.2 25.2 EmgMktIdxInstPre n 10.21 0.29 8.3 -3.9 Balanced 23.37 0.58 4.1 19.2
2025TarRetA 13.91 0.22 3.3 12.2 NYVenY 24.92 0.73 8.3 9.7 Balanc n 23.88 0.60 4.2 21.2 SAILTTreBdIdx 8.13 0.12 7.1 -18.6 Franklin A1:
HlthScOp 70.38 0.50 0.5 26.8 ExtMktIdxInstPre n 67.39 3.36 6.9 15.2 EqGr 12.72 0.44 3.8 31.2
2030TarRetA 15.08 0.29 3.8 13.4 Del Invest Instl: BalancedK 23.88 0.60 4.2 21.5 SAIUSMinVolIndFd 16.94 0.19 2.4 20.5 CA TF A1 6.90 0.08 2.6 -2.4
MdCpGrEq 31.99 1.62 6.5 6.3 FidAdAsset 13.04 0.16 2.5 3.5 GrOppM 91.89 5.45 5.6 15.9
2035TarRetA 16.11 0.37 4.2 15.9 Value 18.91 0.08 2.6 21.4 BluCh n 120.23 7.05 6.9 24.8 SAIUSQtyIdx 15.76 0.29 2.9 27.3 Fed TF A1 10.82 0.15 2.9 -2.2
MultiAstIncome 9.89 0.16 3.7 3.9 FidAdEm 34.36 1.16 9.5 NS NwInsghtM 24.86 0.80 4.2 12.1
2040TarRetA 16.64 0.42 4.5 16.9 Deutsche DWS: BluChpGr K6 18.53 1.10 7.1 27.2 SCValueI 18.99 0.62 7.0 42.2 HiInc A1 1.67 0.03 3.7 4.9
NatlMuni 10.20 0.14 2.8 -2.3 FidSAI 8.78 0.12 3.7 NS Fidelity Advisor Z:
2045TarRetA 16.97 0.45 4.7 16.9 BluChpGrK 120.77 7.08 6.9 25.1 SmCapDisc n 24.58 0.93 7.1 28.7 HY TF A1 8.95 0.14 3.6 -1.9
ScTechOppInst 40.30 2.11 7.2 16.0 CoreEq n 27.11 0.75 4.2 25.7 FidSAIEmerg 11.66 0.30 7.5 NS AssetManager50% 18.38 0.41 4.1 10.6
2050TarRetA 16.60 0.46 4.8 16.3 CAMun n 12.12 0.13 2.4 -1.6 SmlCapO n 12.43 0.57 6.5 26.1 IncomeA1 2.35 0.04 4.0 19.3
StratIncOpptyIns 9.35 0.08 1.8 3.4 Diamond Hill Funds: FidSer5 7.92 0.04 2.9 NS AsstMngr70 23.57 0.65 4.8 15.1
AmcpA 31.77 1.32 5.6 10.7 CapAp n 33.25 1.06 4.3 32.8 SmlCpGrth n 25.13 1.22 6.2 16.3 NY TF A1 9.97 0.14 3.0 -4.1
StratMuniOppI 10.59 0.13 2.5 -4.3 LgCapI 30.51 0.67 5.1 23.6 FidSer0-5 9.33 0.03 0.5 NS CorporateBond 10.42 0.15 3.8 -5.6
AMutlA 49.59 0.47 2.4 27.3 CapDevO n 18.27 0.63 5.8 31.5 SmlCpGrth K6 13.42 0.65 6.3 17.8 US Gov A1 5.22 0.05 2.8 -6.9
TotRet 10.19 0.11 3.3 -4.5 LgCapY 30.53 0.67 5.1 24.0 FIDSerEmgMkt 8.51 0.27 9.9 -9.4 FloatRateHighInc 9.11 0.07 1.7 8.4
BondA 11.68 0.10 2.7 -1.9 CnvSc n 30.63 0.79 2.9 33.2 SmlCpGrth Z 25.38 1.23 6.2 16.7 Utils A1 21.89 0.13 1.5 19.0
BNY Mellon Funds: LongShortI 25.99 0.44 4.1 13.6 FidSerInt 8.60 0.06 2.3 NS GovtIncome 9.39 0.06 2.7 -6.5
BalA 29.70 0.49 3.3 15.5 Contra n 12.61 0.40 4.3 19.0 SmlCpVal n 18.99 0.62 7.0 42.2 Franklin Templeton:
CapIBA 65.05 0.73 3.3 13.5 Aprec n 37.69 0.96 4.1 31.1 Dimensional Fds: FidSerToMarket 13.22 0.40 4.7 25.6 GrOpp 104.64 6.21 5.6 18.0 ContraK 12.65 0.40 4.3 19.2 Srs1000ValIndRet 14.41 0.28 4.5 24.0
CapWA 16.70 0.34 3.6 -10.8 Dr500In n 45.45 1.19 4.2 25.8 2TGlFxd 9.54 0.01 0.3 -1.8 FIDZroExtMktIx n 11.24 0.48 6.8 23.3 InvestGradeBd 7.29 0.07 3.2 -2.9 CpInc n 9.33 0.15 3.6 13.0 TgtModA 13.38 NA NA NA
SrsBlChGroRetail n 10.66 0.61 6.8 28.0
CapWGrA 54.45 1.60 5.6 14.2 Dreyf n 13.75 0.45 5.0 35.9 5GlbFxdInc 9.89 0.02 0.6 -5.7 FIDZroLgCpIx n 13.97 0.38 4.3 26.5 NewMktsIncFdZ 11.82 0.18 2.9 -10.6 DisEq n 47.69 1.83 4.4 20.3 FrankTemp/Frank Adv:
SrsCommStrt 104.39 3.40 -0.9 41.2
EupacA 52.66 2.04 7.4 4.0 DreyMid r Inv n 28.22 1.00 6.2 28.7 DFARlEst 39.06 1.62 6.5 6.9 Flex 500 Index 17.05 0.45 4.2 27.7 RE Income 11.54 0.22 4.1 4.2 DivGth n 29.93 0.61 3.0 17.9 SrsEmrgMkt 17.09 0.58 9.4 -4.9 CA TF Adv 6.89 0.08 2.6 -2.0
FdInvA 63.21 1.73 4.9 21.2 GlFxIncI 19.15 0.16 2.1 -1.9 EmgMkt 27.14 0.87 7.7 2.4 FlexIntIdx 12.03 0.38 7.2 6.5 StkSelAllCap 57.85 2.01 4.8 27.4 DivIntl n 38.95 1.44 6.9 7.6 SrsGlobal 13.25 0.42 7.3 6.6 CvtScAdv 19.98 0.45 3.7 34.0
GBalA 33.79 0.72 4.0 6.9 InstS&PStkIdx I 55.16 1.45 4.2 27.0 EmgMktSoCoEq 13.53 0.40 7.2 0.9 FlexUSBdIdx 9.22 0.08 2.9 -5.8 Fidelity Freedom: DivIntl K6 12.52 0.46 6.7 9.1 SrsIntlGrw 15.45 0.66 8.3 13.6 Dynat Adv 102.49 6.52 6.2 8.1
GovtA 12.51 0.06 2.1 -1.5 IntlStkI 22.01 0.84 7.3 9.3 EmgMktVa 28.07 0.72 6.1 8.8 Freedom2060K 11.69 0.38 6.2 18.1 FF2010 n 13.22 0.21 3.7 4.7 DivIntlK 38.86 1.44 6.8 8.0 SrsGroCoRetail 14.61 0.64 6.1 44.9 Growth Adv 107.51 3.77 4.4 21.7
GwthA 52.58 2.20 6.2 17.9 IntlStkY 21.74 0.84 7.4 9.5 EmMktCorEq 21.58 0.66 7.1 5.9 GlexUSIdxInstPre n 13.46 0.42 7.3 6.5 FF2015 n 10.73 0.20 4.2 6.3 DivStkO n 26.98 0.88 4.7 34.2 SrsIntlSmCp 15.72 0.61 5.9 10.2 IncomeAdv 2.33 0.04 4.1 20.0
HI TrA 9.33 0.12 3.2 7.9 SmMidCpGrI 24.18 1.06 6.2 9.8 EmMktSmCp 21.22 0.46 4.9 14.2 GrowthCompanyK6 16.35 0.73 6.2 41.1 FF2020 n 13.36 0.29 4.7 7.7 EmrMkt n 34.40 1.16 9.5 3.0 SrsIntlVal 10.69 0.36 6.6 20.1 RisDv Adv 84.47 1.22 2.4 34.1
HiInMuniA 14.86 0.22 3.3 -0.5 BNY Mellon Funds Tru: Fixd 10.08 0.02 0.3 -0.6 InflPrBdIndInsPr n 9.17 0.03 1.7 4.4 FF2025 n 12.31 0.29 5.0 9.2 Eq Inc n 66.00 1.03 3.5 29.7 STBF n 8.26 0.01 0.7 -0.2 SmCpValAdv 56.91 1.87 6.8 28.5
ICAA 43.06 1.03 4.4 24.6 MCMultiStrM 16.75 0.53 5.7 24.1 GblAll60 40Inst 19.25 0.38 3.8 14.9 IntlIdxInstPrem n 44.07 1.46 7.0 10.1 FF2030 n 15.40 0.38 5.3 11.2 EqDivIncm n 26.77 0.46 4.5 28.4 StkSelSmCp n 29.82 1.37 6.4 31.5 Utils Adv 22.11 0.13 1.5 19.6
IncoA 23.32 0.25 3.0 18.2 NtlIntmMuni 12.96 0.13 2.0 -0.6 GlEqInst 27.79 0.81 5.5 24.6 IntlIndex n 10.50 0.33 7.0 7.0 FF2035 n 13.30 0.38 5.7 15.0 Fidel n 60.44 1.94 3.7 25.6 StkSlcACap n 58.26 2.02 4.7 27.1 FrankTemp/Franklin A:
56 BARRON’S January 16, 2023

D ATA MUTUAL FUNDS D ATA P R O V ID E D BY LIP P E R B A R R ON S .C OM / D ATA

Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr. Net YTD 3-Yr.
NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret. NAV Chg. % Ret. % Ret.
BAL A 12.52 0.16 3.5 16.2 DisMdCpGrA 21.35 0.59 2.5 13.5 ValAdv L 36.10 0.40 3.9 27.2 SharesZ 24.16 0.53 5.7 11.2 ComPLUSStrtgyFd 6.81 0.36 0.6 64.1 Royce Funds: S&PIdx n 50.86 1.37 4.1 27.1 STAR n 25.50 0.73 5.5 13.4
DynaTech A 98.32 6.25 6.2 7.3 DivIncm p 25.08 0.16 3.0 24.0 JPMorgan L Class: Income 10.63 0.13 2.9 2.1 PAMut I nr 8.18 0.35 7.5 23.0 TarRet2040 n 11.17 0.25 4.3 11.2 STIGrade n 10.05 0.04 1.1 -0.5
EqIn A 28.99 0.41 3.2 26.3 DivrsDiv p 18.08 0.20 3.2 21.2 Fl EmMktEq L 30.65 1.26 8.9 -5.7 N IntlBdUSH 9.48 0.08 2.0 -4.3 Russell Funds S: StratgcEq n 32.44 1.19 6.0 33.6
FoundFAlA 13.08 0.21 3.6 3.2 EqIncA 10.21 0.15 4.0 23.8 MdCpVal L 36.02 0.73 5.0 26.3 InvstGrCrBd 8.93 0.11 3.6 -8.2 V StrSmCpEqInv n 33.66 1.34 6.4 33.9
Natixis Funds: StratBd 9.41 NA NA NA
GrOp A 36.50 1.76 4.9 8.9 EqWtdA p 67.35 1.71 5.5 33.4 JPMorgan R Class: LowDurInc 7.87 0.06 1.7 3.7 TgtRe2020 n 26.28 0.44 3.6 6.8
TaxExBd 21.88 NA NA NA VALIC:
Growth A 106.65 3.74 4.4 20.8 GblStrIncmA p 3.15 0.07 3.4 -9.6 InvGradeBdY 9.91 0.10 2.8 1.6 ShtTm 9.44 0.01 0.0 2.2 TgtRe2025 n 17.37 0.35 4.1 8.2
CoreBond 10.40 0.09 2.9 -3.6 TxMngUSLgCp 59.18 NA NA NA IntlEq 7.49 0.25 6.7 8.2
LwDuToRt A 8.83 0.02 0.7 -0.3 GlbOppA p 47.04 2.75 8.6 -14.4 LSGrowthY 17.51 0.69 7.6 18.3 TotRt 8.71 0.09 3.0 -5.2 TgtRe2030 n 32.79 0.73 4.5 9.9
CorePlusBd 7.35 0.08 3.2 -3.3 MidCpIdx 27.31 0.97 6.3 29.4
RisDv A 84.57 1.21 2.4 33.1 GrIncA 21.55 0.40 5.0 29.4 Neuberger Berman Fds: PIMCO Funds Instl: S TgtRe2035 n 20.27 0.49 4.8 11.9
HighYld r 6.36 0.09 3.6 2.1 SciTech 20.85 1.19 7.5 8.5
SmCpVal A 53.19 1.75 6.8 27.5 HYMuA 8.85 0.15 3.7 -3.0 GenesInst 57.61 2.41 5.8 24.4 ComPLUSStrtgyFd 6.91 0.36 0.4 64.5 TgtRe2040 n 35.68 0.92 4.9 13.7
MtgBckd 10.21 0.09 2.7 -3.0 StckIdx 46.36 1.22 4.2 26.6
SmMCpGrA 29.13 1.27 5.5 16.1 IntTMIA p 10.43 0.11 2.2 -1.9 LCVal Inst 44.46 0.53 3.3 50.2 DynamicBd 9.61 0.07 1.3 -0.3 Schwab Funds: TgtRe2045 n 24.00 0.66 5.2 15.8
ShtDurBnd 10.54 0.04 0.8 1.6 VANGUARD ADMIRAL:
StrInc A 8.24 0.09 2.6 -3.8 InvGloblFdA 79.85 3.20 7.4 4.2 LgShInst 15.82 0.18 1.5 16.9 IncomeFd 10.63 0.13 2.9 2.5 1000 Inv nr 85.36 NA NA NA TgtRe2050 n 39.80 1.14 5.3 16.1
USRechEnhEq 30.34 0.82 4.0 31.7
TtlRtn A 8.41 0.08 2.9 -7.5 LmtdTrmMunInc p 11.08 0.06 1.2 1.6 StrIncInst 9.78 0.16 3.8 2.5 InflRespMulAsset 7.69 0.17 2.0 20.0 CoreEq n 17.43 NA NA NA 400MCpIdxInst346.81 12.27 6.2 30.4 TgtRe2060 n 40.88 1.16 5.3 16.1
JPMorgPrm:
FrankTemp/Franklin C: MnStFndA 44.96 0.91 3.6 18.5 Neuberger Berman Inv: Pioneer Funds A: FunIntlLgInst nr 9.61 NA NA NA 500Adml n 369.06 9.73 4.2 27.6 TgtRet2055 n 44.40 1.27 5.3 16.1
MnStSmCpA p 24.38 0.59 4.5 19.8 USEquity L 17.79 0.49 4.0 34.0 BalAdml n 41.19 0.87 3.9 13.3
Income C 2.39 0.03 3.9 17.6 Genes n 57.51 2.40 5.8 23.8 CoreEqA 19.18 0.58 6.1 31.1 FunUSLgInst nr 21.84 NA NA NA TgtRetInc n 12.63 0.17 3.2 3.6
FrankTemp/Franklin R: ModInvA 10.01 0.20 4.5 4.6 DiscGrA 13.49 0.52 6.3 36.2 CAITAdml n 11.34 0.11 2.0 -0.1 USGro n 41.43 2.14 5.9 9.1
L Guard n 20.04 0.72 4.5 31.4 InflProSel n 10.41 NA NA NA
MunInA 12.07 0.17 3.2 -2.8 LCVal n 44.52 0.53 3.3 49.5 PioFdA 30.95 1.13 5.7 33.0 IntI Sel nr 21.02 NA NA NA CALTAdml n 11.40 0.14 2.7 -1.2 WellsI n 25.23 0.26 3.1 9.7
FrkDynTchR6 103.92 6.61 6.2 8.4
RchHiYldMuniA 6.97 0.14 4.4 0.1 Laudus Funds: Neuberger Berman Tr: Pioneer Funds Y: S&P Sel n 60.99 NA NA NA CapOpAdml nr 156.26 5.30 6.9 28.2 Welltn n 39.62 0.67 3.1 15.3
FrkGrthR6 107.41 3.77 4.4 22.0
RisingDivA 21.87 0.44 3.5 27.5 BondY 8.29 0.08 3.1 -3.6 SmCp Sel nr 30.07 NA NA NA CoStIxAd nr 95.25 -0.91 0.8 29.2 Wndsr n 21.40 0.52 5.6 40.2
FrkIncR6 2.34 0.04 4.0 20.6 USLgCpGr nr 17.98 NA NA NA GenesisFdR6 57.56 2.40 5.8 24.7
RochAMTFrMuni 6.98 0.11 3.4 1.3 StratIncY p p 9.36 0.11 3.2 -1.2 TSM Sel nr 67.91 NA NA NA DivAppIdxAdm n 42.51 0.58 3.2 31.1 WndsrII n 39.01 1.07 4.6 31.8
FrkRisDivR6 84.45 1.22 2.4 34.4 Lazard Instl: Nicholas Group:
RochLmtTrNYMuni p 2.82 0.03 1.9 -0.5 Price Funds: USSmCoIdx nr 14.96 NA NA NA EMAdmr n 34.84 1.01 7.5 -0.1 VANGUARD INDEX FDS:
FrkSmCpGrR6 19.90 1.29 7.9 3.9 RoMu A p 15.25 0.31 4.4 -0.3 EmgMktEq 15.66 0.55 7.5 -4.9 Nich n 72.12 2.20 4.1 24.8
SEI Portfolios: EnergyAd nr 62.24 1.95 2.7 76.6 500 369.10 9.72 4.2 27.2
FrankTemp/Mutual A&B: SenFltRtA 6.58 0.04 1.3 4.2 GlbLstInfr 14.86 0.15 4.6 16.8 Northern Funds: 2050RetFd n 15.39 0.46 5.3 16.4
EnergyAdml nr 87.92 2.56 2.6 11.9 EmgMktInstPl 88.12 2.55 7.5 0.1
Shares A 23.81 0.52 5.6 10.3 SP IncomeA 4.78 0.13 4.2 45.9 IntStrtEq r 14.25 0.48 6.2 1.7 Balnanced n 23.19 0.55 4.4 10.5 CoreFxIn F 9.76 0.10 3.3 -6.4
BdIdx n 9.38 NA NA NA EqIncAdml n 87.21 0.74 3.0 33.1 ExtndIstPl 266.09 13.28 6.9 15.3
FrankTemp/Temp A: Invesco Funds P: USEQ Concen Inst 15.77 0.48 6.0 13.4 BlChip n 108.69 5.39 5.0 -1.9 IntlEmg F 10.73 0.34 8.2 -5.3
EmMktsEqIdx nr 10.90 NA NA NA EuropeAdml n 75.24 2.64 8.3 12.6 FTAIWdInPl 112.39 3.68 7.2 7.9
Legg Mason I: Communica&Tech n 99.58 4.56 7.6 3.2 IntlEq F 10.76 0.36 7.4 9.8
Frgn A 7.62 0.30 11.1 11.8 Summit P pn 17.44 0.86 5.4 7.7 HiYFxInc n 5.84 NA NA NA ExplrAdml n 92.61 4.35 6.6 23.1
IntlGrTrI 57.79 1.81 7.0 8.4 DivGro n 66.10 1.30 3.1 31.2 IntMuni F 11.08 0.11 2.0 -1.1 IdxIntl 17.83 0.58 7.0 7.3
GlBond A 8.13 0.21 3.0 -11.7 Invesco Funds Y: IntlEqIdx nr 12.87 NA NA NA ExtndAdml n 107.83 5.38 6.9 15.2
Longleaf Partners: EmMktS n 37.41 1.12 9.0 -15.0 TaxMgdLC F 31.33 0.64 4.2 28.7 ITTresIdx Inst 25.05 0.14 2.3 -4.5
Growth A 22.74 0.61 6.4 4.2 DevMktY 38.19 1.77 9.2 -13.4 IntTxExpt n 9.87 NA NA NA GNMAAdml n 9.44 0.09 2.8 -5.8
EqInc n 34.06 0.56 4.2 27.8 Sequoia: LTTresIdx Inst 28.01 0.39 6.7 -17.3
World A 12.33 0.56 8.1 -7.1 DiscovY 92.09 4.24 4.3 19.5 Partners n 20.37 0.95 11.6 15.8 MidCpIdx n 19.59 NA NA NA GroIncAdml n 81.67 2.05 3.8 29.0
EqIndex n 105.20 2.77 4.2 27.0 SequoiaFd n 130.51 2.93 4.6 9.5 MdCpGrAdml n 81.51 3.67 5.4 18.1
FrankTemp/Temp Adv: EqWtdY 68.36 1.74 5.5 34.4 Sm-Cap n 22.76 0.85 8.5 2.8 SmCapIdx n 12.40 NA NA NA GrwthAdml n 115.86 5.57 5.6 21.3
GlbStk n 48.69 2.01 6.5 23.8 SmeadFds: MdCpVlAdml n 73.77 1.51 5.3 27.9
GlBondAdv 8.09 0.21 3.1 -11.0 GloblY 80.79 3.24 7.4 4.9 Loomis Sayles Fds: SmCpVal n 19.10 0.68 5.9 17.6 GlbTech n 10.85 0.88 8.0 -13.6 HltClxAd nr 124.61 0.59 0.4 34.5
SmValAdml n 72.52 2.47 6.3 30.9
Frost Family of Fund: IntGrowY 35.69 1.34 7.9 4.8 LSBondI 11.76 0.16 3.6 -4.8 StkIdx n 42.38 NA NA NA Growth n 64.91 3.13 5.4 -0.5 SmeadValueInstl 69.73 1.86 5.5 49.7 HlthCareAdml nr 90.82 1.46 1.1 28.4
TotBd2 9.62 0.07 2.8 -6.4
FrTRInst 9.51 0.07 1.9 3.0 IntlSmCoY 40.89 1.35 5.3 2.1 Lord Abbett A: Nuveen Cl A: HelSci n 90.86 1.81 1.2 31.0 SSgA Funds: HYCorAdml nr 5.32 0.07 3.5 2.5
TotIntlInstIdx r 119.30 3.90 7.1 7.6
Ivy Funds: AAMunBd p 10.24 0.14 2.9 -6.1 InstFLRfd r 9.30 0.06 1.5 7.8 SP500 n 209.71 5.53 4.2 27.6 InfProAd n 23.57 0.09 1.8 4.6
Affiltd p 15.93 0.20 2.6 16.0 TotItlInstPlId r 119.32 3.89 7.1 7.6
G HiYldMuBd p 15.52 0.31 4.3 -1.1 InstHiYld 7.65 0.14 4.1 1.8 InfTechIdx n 171.83 7.90 5.1 34.7
AssetStrA p 18.82 0.47 4.8 15.6 BdDeb p 7.16 0.08 2.7 -1.1 TotSt 97.35 2.89 4.6 25.4
Nuveen Cl I: LgCapGow I 47.80 2.02 4.1 11.6 T IntlGrAdml n 100.45 5.58 11.1 17.8
CoreEqA t 14.44 0.46 4.3 32.7 CalibrDivGr 17.42 0.32 3.0 28.3 VANGUARD INSTL FDS:
Gabelli Funds: InstLCCoreGr 43.63 2.16 5.0 -1.5 ITBondAdml n 10.37 0.09 3.0 -4.8
LgCpGwthA p 23.42 1.01 5.0 25.8 FloatRt p 7.95 0.06 1.5 2.5 HYMunBd 15.52 0.30 4.3 -0.5 TCW Funds: BalInst 41.20 0.88 3.9 13.4
Asset n 50.13 1.29 5.5 23.9 LgCpVal 23.05 0.34 3.8 27.6 ITIGradeAdml n 8.58 0.10 3.2 -3.2
LgCpGwthl r 25.59 1.09 5.0 26.9 HYMuniBd p 10.83 0.19 3.7 -5.6 Nuveen Cl R: DevMktsIndInst 14.47 0.49 6.9 10.6
GE Elfun/S&S: InstSmCap 25.35 1.04 6.1 17.5 EmMktInc n 6.25 0.13 3.1 -15.8 ITsryAdml n 10.16 0.05 2.3 -3.2
MidCapI 28.51 1.28 6.3 25.2 IntrTxFr 10.18 0.11 2.2 -3.1 IntDMunBd 8.83 0.08 2.1 -0.8 DevMktsInxInst 22.62 0.77 7.0 10.6
Trusts n 61.70 2.07 5.3 28.1 IntDis n 60.63 2.13 6.6 9.1 TotRetBondI n 8.44 0.09 3.3 -8.0 ITTresIdx n 20.18 0.11 2.3 -4.6
MdCpGwthA p 24.98 1.12 6.3 23.8 MultiAstBalOppty 10.32 0.18 3.2 12.7 LmtTrmR 10.83 0.06 1.2 1.2 EmMkInst r 26.49 0.77 7.5 0.0
GMO Trust Class III: IntlStk n 17.83 0.69 7.5 3.5 Thompson IM: LarCapAd n 91.70 2.50 4.2 26.2
ScTechA p 39.39 1.99 7.4 8.5 ShtDurIncmA p 3.86 0.01 0.7 -0.3 ExtndInst 107.82 5.38 6.9 15.3
MCapVal n 30.30 0.81 6.9 40.5 Bond n 9.87 0.06 1.2 -2.7 LTGradeAdml n 8.29 0.17 6.4 -11.5
Quality 24.15 0.70 4.7 30.3 ScTechI r 50.25 2.54 7.4 9.1 TaxFr p 10.46 0.16 3.2 -4.4 O FTAlWldIst r 106.13 3.47 7.2 7.8
MCEqGr 58.95 1.96 5.5 14.2 Thornburg Fds: LTsryAdml n 9.33 0.12 6.5 -16.6
GMO Trust Class IV: Lord Abbett C: FTScinst 26.19 0.84 4.7 21.6
J Oakmark Funds Invest: MidCap n 93.50 3.05 5.4 14.9 MidCpAdml n 265.87 8.47 5.3 24.3
EmgCntrDt 17.95 0.38 3.5 -8.8 ShtDurIncmC t 3.89 0.01 0.9 -2.1 IncBuildA t 22.45 0.43 5.8 14.6 GrwthInst 115.87 5.58 5.6 21.3
N Asia n 17.50 0.59 9.6 0.4 MuHYAdml n 10.57 0.16 3.2 -0.9
GMO Trust Class VI: Lord Abbett F: EqtyInc nr 31.00 0.82 5.3 20.9 IntVal I 23.92 0.93 8.3 16.8 InPrSeIn 9.60 0.03 1.8 4.7
Janus Henderson: NAmer n 54.18 1.52 4.0 37.6 MuIntAdml n 13.61 0.12 2.0 0.5
BdDeb 7.15 0.08 2.7 -0.8 Oakmark n 110.67 4.54 8.2 39.6 LtdTIncI 12.65 0.07 1.6 0.6 InstIdx 335.21 8.84 4.2 27.6
Quality 24.14 0.69 4.7 30.6 Balanced C 38.36 0.72 3.6 11.0 New Era n 43.08 1.57 4.8 37.6 MuLTAdml n 10.85 0.14 2.8 -0.6
ShtDurIncm 3.86 0.01 0.9 0.0 OakmrkInt n 25.64 1.22 11.4 8.0 LtdTMu I 13.64 0.08 1.2 -1.0 InstPlus 335.20 8.84 4.2 27.7
Goldman Sachs Inst: Balanced T n 38.94 0.74 3.7 13.7 NHoriz n 48.87 2.91 5.5 10.4 MuLtdAdml n 10.78 0.05 1.1 1.6
Lord Abbett I: Select n 54.38 2.98 9.9 23.3 Thrivent Funds A: InstTStPlus 70.11 2.09 4.6 25.9
EmgMktEq 21.97 NA NA NA Enterprise T n 125.29 3.80 5.8 22.4 OverS SF nr 11.73 0.39 6.9 10.3 MuShtAdml n 15.64 0.03 0.5 1.8
Old Westbury Fds: LgCpStk 23.61 0.72 5.4 15.5 NJLTAdml n 11.32 0.14 2.8 0.3 ITBdInst 10.37 0.09 3.0 -4.8
HYMuni 9.16 0.15 3.6 -1.9 Grw&Inc T n 65.47 1.25 3.6 24.6 BdDebentr 7.12 0.08 2.8 -0.6 QMUSSmCpGrEq n 36.72 1.48 5.9 11.6
FloatRt 7.96 0.06 1.7 3.2 AlCpCore n 20.90 0.72 5.2 24.3 SpectModerGwAllo n 33.19 0.86 4.6 9.9 MidCapStk 27.36 1.00 6.0 34.6 NYLTAdml n 10.80 0.16 3.1 -1.4 ITBdInstPI 10.37 0.09 3.0 -4.8
Muni 15.20 0.17 2.5 -0.6 Resh T n 49.79 2.11 5.0 13.4
HiYld 6.31 0.08 3.1 -1.4 CreditIncomeFd n 8.30 0.09 3.1 NS R2010 n 13.97 0.25 3.5 7.3 Thrivent Funds S: PacifAdml n 83.90 2.78 5.1 3.8 LaCapInst 377.41 10.29 4.2 26.2
ShDuTF 10.33 0.04 1.0 -0.1 Jensen I :
SmCapVa 44.61 1.73 6.2 17.9 ShtDurInc p 3.86 0.01 0.9 0.3 FixInc pn 10.20 0.05 1.7 -3.2 R2015 n 11.64 0.22 3.7 8.6 LgCpVal n 26.61 0.48 4.5 37.7 PALTAdml n 10.82 0.13 2.8 -0.6 MidCpInst 58.73 1.87 5.3 24.3
Jensen I 56.13 0.77 2.7 30.9 LrgCpStr n 15.28 0.44 4.8 8.4
Guggenheim Funds Tru: R2020 n 17.37 0.34 3.8 9.5 MidCapStk n 32.30 1.19 6.0 35.6 PrmcpAdml nr 139.32 4.17 6.5 26.8 MidCpIstPl 289.65 9.22 5.3 24.3
JensenQualGrJ n:
M MuniBd pn 11.62 0.09 1.7 -1.0 R2025 n 15.21 0.33 4.0 11.1 TIAA-CREF/Instl Cl: RealEstatAdml n 124.98 5.39 6.9 5.0 RealEstaInstl 19.34 0.83 6.9 5.0
MacOppFdClInstl 24.18 0.24 2.4 7.1 JensenQualGrJ n 56.20 0.77 2.7 30.1 Sm&MdCapStrategi n 14.78 0.53 6.3 5.4 R2030 n 22.83 0.54 4.4 12.4 CoreBond Inst 9.24 0.09 3.0 -5.0 S&PSC600Idx 373.46 16.10 7.1 26.8 Rs1000GrwIdxInst442.43 17.16 4.4 26.1
TotRtnBdFdClInst 23.98 0.26 3.5 0.1 JHF III DispVal: MainStay Fds A: Optimum Funds Inst: R2035 n 17.90 0.47 4.8 13.8 CorePlsBd 9.25 0.10 3.1 -4.3 SmCapAdml n 93.99 4.15 6.9 22.5 Rs1000Vl IdxInst271.45 5.12 4.5 23.7
GuideStone Funds: DispVal I 21.66 0.38 3.7 30.9 HiYldBdA 5.05 NA NA NA Fixed Inc 8.25 0.10 3.1 -5.4 R2040 n 25.66 0.73 5.1 15.2 TIAA-CREF/Retail Cl: SmGthAdml n 75.99 4.45 7.8 8.1 Russ1000IdxInst352.18 10.02 4.4 26.5
EqindxGS2 41.59 NA NA NA DispValMCI 25.73 0.59 5.4 31.5 TxFrBdA 9.46 NA NA NA LgCpGrwth 16.69 0.66 5.0 4.2 Ret2045 n 18.17 0.53 5.2 16.3 STBondAdml n 9.97 0.03 1.1 -1.3 Russ3000Idx 347.34 10.35 4.6 25.9
MedDurGS2 12.98 NA NA NA DispValMdCp 24.47 0.56 5.3 30.5 EqIdx n 28.96 0.86 4.6 25.1
Mairs&Power: LgCpVal 19.32 0.28 3.5 26.3 Ret2055 n 16.03 0.47 5.3 16.2 STCorpIx n 20.70 0.10 1.2 -0.5 SmCapInst 93.98 4.15 6.9 22.5
DispValMdCpR6 25.72 0.60 5.4 31.9 Gro&Inc n 19.90 0.72 4.2 19.2
MairsPwrGr n 123.22 4.18 4.4 22.7 Osterweis Strat Income: RetBal Inc n 12.33 0.21 3.2 7.8 STFedAdml n 10.14 0.03 1.0 -0.6 SmCapIstPl 271.27 11.98 6.9 22.6
H DispValR6 21.71 0.38 3.7 31.4 TIAA/CREF Funds:
Mass Mutual: OsterweisStrInc n 10.60 0.15 2.6 10.6 SciTec n 28.83 1.83 10.3 4.4 STIGradeAdml n 10.05 0.04 1.1 -0.3 SmGthInst 60.85 3.56 7.8 8.2
JHITFunLgCpCorFd: Sht-Bd n 4.51 0.01 0.7 0.2 BdIdxInst 9.71 0.08 3.0 -6.1 STIPSIxAdm n 23.53 0.07 0.5 7.8 SmValInst 40.54 1.38 6.3 31.0
Harbor Funds: SelBluChipGroClI 17.26 0.77 6.2 6.4 EqIdxInst 28.39 0.84 4.6 26.0
FunLgCpCorA 53.74 2.49 6.6 22.3 MassMutual Select: PQ SmCap n 50.83 2.08 6.1 22.0 STsryAdml n 10.00 0.02 0.8 -0.8 STBdIdxInstPl 9.97 0.03 1.1 -1.2
CapApInst 66.68 3.34 6.2 12.6 Gr&IncInst 12.80 0.46 4.2 20.2
John Hancock: SmCapStk n 54.44 2.23 6.0 17.6 STTresIdx n 19.39 0.03 0.6 -1.1 STBDInst 9.97 0.03 1.1 -1.2
IntlInst 41.83 1.27 6.3 11.4 MCGrEqIII 18.44 0.66 5.6 14.5 HgYldInst 8.48 0.12 3.7 -0.2
500Index1 42.42 1.12 4.2 26.6 Parnassus Fds: SpecGr n 21.15 0.63 4.8 19.2 TotBdAdml n 9.74 0.08 2.8 -5.8 STCorpIxInst p 25.33 0.11 1.2 -0.4
SmCpValInst 38.54 1.65 7.5 24.1 Metropolitan West: SpecInc n 11.25 0.14 2.9 -0.3 IntlEqIdxInst 20.45 0.69 7.1 10.0
BondI 13.73 0.15 3.3 -4.3 ParnEqFd n 49.06 1.30 4.6 29.4 TotIntBdIdxAdm n 19.37 0.09 2.3 -9.2 STIGradeInst 10.05 0.04 1.1 -0.2
Harding Loevner: LowDurBdI 8.28 0.03 1.1 -0.6 SuMuInt n 11.35 0.11 2.1 -0.6 IntlEqInst 12.18 0.42 6.6 13.3
BondR6 13.75 0.14 3.3 -4.0 Pear Tree: TotIntlAdmIdx nr 29.83 0.97 7.1 7.5 STIPSIxins 23.54 0.07 0.4 7.8
EmgMktsAdv n 42.81 1.82 8.1 -17.5 TotRetBd n 9.33 0.09 3.2 -6.1 TF Incom n 10.92 0.18 3.5 -2.6 LC2040Inst 9.21 0.23 4.5 14.3 TotStAdml n 97.37 2.89 4.6 25.8 TotBdInst 9.74 0.08 2.8 -5.8
ClassicVal I 34.04 1.29 9.3 27.6 ForeignVal I r 20.96 0.67 7.3 1.5
IntlEq 25.25 0.95 7.8 10.4 TotRetBdI 9.33 0.10 3.3 -5.4 TotIndex n 42.92 1.27 4.6 24.2 LCIdx2020Inst 17.62 0.33 3.9 8.3 TxMBal nr 37.52 0.70 3.1 14.0 TotBdInst2 9.62 0.07 2.8 -6.2
IntlGrwI 24.04 0.73 7.2 3.6 Perm Port Funds:
Hartford Funds A: TRBdPlan 8.75 0.09 3.3 -5.2 U.S.EqResch n 37.85 1.09 4.3 27.1 LCIdx2025Inst 19.30 0.39 4.2 9.9 TxMCapAdml n 206.67 5.95 4.5 27.4 TotBdInstPl 9.74 0.08 2.8 -5.8
John Hancock Class 1:
BalIncA 14.22 0.19 3.5 10.7 UnconstrBdI 10.44 0.09 2.0 -1.1 Permanent n 47.91 0.96 3.2 26.7 USLrgCpCore n 30.03 0.61 2.8 24.3 LCIdx2035Inst 22.54 0.56 4.8 13.3 TxMIn nr 14.45 0.49 6.9 10.5
BlueChipGrw 34.52 1.71 5.0 -2.0 TotIntBdIdxInst 29.07 0.14 2.3 -9.0
CapAppA 34.44 0.92 4.5 17.4 MFS Funds: PGIM Funds Cl A: Value n 39.61 0.34 2.8 29.2 LCIdx2040Inst 23.85 0.65 5.2 15.4 TxMSC nr 82.52 3.56 7.1 26.9
LSAggr 12.52 0.40 6.0 18.3 TotStInst 97.38 2.89 4.6 25.8
DiscpEqA 40.08 0.99 3.6 20.8 IIE 30.18 1.02 7.2 16.0 HighYield 4.69 0.06 3.5 1.5 Price Funds - Adv Cl: LCIdx2045Inst 24.66 0.70 5.3 17.2 USGroAdml n 107.32 5.56 5.9 9.4 TtlWrldIxInst p 185.96 5.73 5.6 17.7
LSBalncd 12.09 0.29 4.9 11.9 LrgCpGrIdxInst 38.67 1.50 4.3 26.1
DivGth A 30.30 0.53 3.5 31.8 MFS Funds Class A: JennGrowth 38.21 1.87 6.1 13.0 BlChip p 105.75 5.24 5.0 -2.7 UtilIxAd nr 78.02 0.44 1.4 19.2 TxMCaInst r 102.68 2.96 4.5 27.5
LSGwth 12.41 0.35 5.4 15.6 LrgCpVl IdxInst 22.71 0.43 4.5 23.9
EqInc 20.81 0.27 3.3 33.6 AgGrAIA 26.10 0.86 5.2 18.2 JennUtility 15.02 0.30 1.6 20.4 Growth p 62.78 3.03 5.4 -1.3 ValAdml n 56.38 0.43 3.0 30.3 ValueInst 56.38 0.43 3.0 30.3
LSModer 11.45 0.22 4.1 7.6 LrgCpVl IdxRet 23.18 0.44 4.5 23.0
GrOppty 31.62 1.54 5.8 12.0 CoEqyA 39.63 1.14 4.4 25.4 TotalReturnBond p 12.12 0.13 3.1 -7.7 R2030A p 22.56 0.54 4.5 11.6 WdsrllAdml n 69.19 1.90 4.6 32.1 Victory Funds:
John Hancock Funds A: LrgCpVl Inst 19.75 0.34 3.7 26.6
MidCap A 24.05 1.19 6.3 8.0 GrowthA 128.48 5.60 5.0 12.6 PGIM Funds Cl Z: R2040A p 25.35 0.71 5.1 14.3 WellsIAdml n 61.10 0.61 3.1 10.0
BalA 23.40 0.51 4.0 15.1 EstValA 46.93 0.91 5.0 44.4
Hartford Funds C: IntlVA 38.13 1.58 7.3 8.4 HighYield 4.70 0.06 3.5 2.1 Price Funds - R Cl: QuantSmCpEqInst 16.04 0.73 5.9 26.1 WelltnAdml n 68.42 1.17 3.2 15.6
BondA p 13.72 0.14 3.2 -5.2 EstValI 46.97 0.91 5.0 45.8
MCapA 23.19 0.83 4.9 11.9 JennGrowth 43.24 2.12 6.1 14.0 R2030R p 22.26 0.53 4.5 10.7 RealSecInst 17.18 0.66 6.2 6.0 WndsrAdml n 72.15 1.75 5.7 40.6
Bal IncC 13.97 0.19 3.4 8.1 LifeBal 12.22 0.29 4.9 10.7 SmCoOppI 49.10 1.53 5.9 30.8
MCapValA 28.74 0.72 5.4 30.4 TotalReturnBond 12.08 0.13 3.1 -7.0 PRIMECAP Odyssey Fds: S&P500IdxInst 43.63 1.14 4.2 27.6 VANGUARD FDS:
Hartford Funds I: LifeGrw 12.50 0.35 5.4 14.3 Virtus Equity Trust:
MIGA 34.55 1.06 4.6 27.9 PIMCO Fds Instl: S&P500IdxRet 43.33 1.14 4.2 26.6 CAIT n 11.34 0.11 2.0 -0.3
BalIncI 14.22 0.19 3.5 11.4 John Hancock Instl: AggGrowth nr 39.53 1.73 9.0 13.5 SmCpBl IdxInst 21.48 1.07 7.1 17.8 SmCapSusI 31.92 2.25 9.8 11.1
DivGthI 30.10 0.53 3.5 32.8 MITA 33.41 0.97 4.4 24.1 AllAsset 10.95 0.25 4.2 15.0 Growth nr 36.16 1.27 7.4 24.8 DivdGro n 35.70 0.12 1.3 32.9 VirtusFunds:
StratIncmOppI 9.89 0.12 2.8 0.6 SocChEqInst 23.40 0.71 5.1 29.2
EmrgMktEqInv 15.89 0.61 9.2 -3.9 MuHiA 7.43 0.11 3.4 -3.9 AllAssetAuth r 6.69 0.19 5.4 7.3 Stock nr 33.89 0.96 6.2 28.8 DivrEq n 37.98 1.39 5.3 25.2
JPMorgan A Class: Tortoise Capital: CeredexMdCpVlEqI 11.24 0.21 4.5 14.8
EqIncI 20.63 0.26 3.3 34.5 MuInA 8.17 0.10 2.7 -2.8 CommodtyRR 4.85 NA NA NA Principal Investors: Energy nr 46.86 1.36 2.6 11.6
CoreBond 10.40 0.10 3.0 -4.7 MuLtdA 7.89 0.04 1.2 -0.8 TorMLPPipInsCl 13.67 0.51 4.9 25.6 EqInc n 41.61 0.35 3.0 32.7 VirtusFunds Cl I:
InterValue 16.18 0.48 7.0 18.3 DivInc 9.38 0.12 3.3 -5.3 HiYld IN 8.12 0.13 3.7 1.6
CorePlusBd p 7.34 0.07 3.1 -4.5 ResBdA 9.59 0.10 3.3 -5.0 Touchstone Funds Gro: Explr n 99.62 4.67 6.6 22.7 EmMktI 8.21 0.20 6.3 -14.1
IntlAlphaInv 15.62 0.65 8.4 20.2 EmMktsBd 8.20 0.14 3.2 -10.5 InfPro IN 7.80 0.03 1.7 3.6
EqInc p 22.64 0.12 2.3 28.6 RschA 48.50 1.43 4.2 22.4 MdCpY 44.16 1.05 7.0 14.9 FTAlWldInAdml n 33.48 1.10 7.2 7.7 MulSStI 4.40 0.03 1.5 0.5
MidCap 25.51 1.26 6.4 8.8 HiYld 7.78 0.10 3.8 1.0 LgIndxI 20.07 0.53 4.2 27.0
GwthAdv p 23.12 1.05 4.8 31.3 TotRA 19.15 0.34 3.9 16.4 Touchstone Strategic: GlbCapCyl Inv nr 12.47 0.42 8.4 63.1 Vivaldi Merger:
Hartford HLS Fds IA: IntlBdUSH 9.48 0.08 2.0 -4.1 LT2020 In 11.66 0.21 3.7 8.1
Inv Bal p 14.25 0.27 3.9 11.7 UtilA 23.10 0.32 2.1 23.2 GlbEq n 29.05 1.35 8.6 14.4 Arbitrage Fund 10.74 0.02 0.3 12.6
Balanced 27.13 0.50 3.3 18.0 InvGrdCrBd 8.93 0.11 3.6 -8.0 LT2030In 12.76 0.29 4.5 11.0 LagCapFoc A p 50.07 1.46 5.0 31.1
InvCon p 11.78 0.17 3.3 5.5 ValueA 49.20 0.81 3.6 25.3 GloMinVolFdAdm n 27.47 0.05 2.1 3.6 Voya Fds:
CapApp 41.03 1.07 4.2 21.3 LgTrmCrdtBd 9.25 0.19 6.4 -12.9 LT2040I 14.12 0.39 5.1 13.6 Transamerica A:
InvG&I p 16.67 0.37 4.3 16.9 MFS Funds Class I: GNMA n 9.44 0.09 2.8 -6.0
DiscEqui 16.35 0.40 3.6 22.0 LngDurTotRtrn 7.57 0.13 6.3 -11.9 LT2050I 14.59 0.45 5.5 15.2 AsAlModGr p 11.20 0.26 4.3 10.7 InmdBdI 8.81 NA NA NA
InvGrwt p 20.67 0.56 5.0 22.5 GroInc n 50.05 1.26 3.8 28.6
Div&Grwth 22.82 0.40 3.5 33.0 GrowthI 139.18 6.08 5.0 13.4 LowDur 9.15 0.02 0.7 -2.0 MidCpBldA 31.89 1.09 6.3 16.7 Trust for Professional Ma:
LgCpGwth p 45.12 1.24 3.5 35.0 HlthCare nr 215.39 3.46 1.1 28.2 WXYZ
Stock 96.89 0.32 1.3 32.7 MCapI 24.97 0.90 5.0 12.8 LowDurInc r 7.87 0.06 1.7 4.0 PreSecI 9.01 0.15 3.0 -0.8
MdCpVal p 34.77 0.70 5.0 24.7 PrfTrtStrtBd Ins 19.53 0.16 2.5 -4.4 HYCor nr 5.32 0.07 3.5 2.2
TotRetBd 9.53 0.10 2.8 -5.2 MCapValI 29.60 0.74 5.4 31.3 ModDur 9.27 0.07 1.9 -1.0 PtrLGI In 13.75 0.58 4.7 10.2
USEquity 17.67 0.48 3.9 32.4 Tweedy Browne Fds: InflaPro n 12.00 0.04 1.7 4.3 Wasatch:
MIGI 35.96 1.10 4.6 28.8 MortgOppBd 9.51 0.06 1.4 1.4 PtrLV In 17.50 0.27 3.5 25.7
ValAdv t 35.81 0.39 3.9 25.7 GblValue n 26.75 0.47 5.0 10.5 IntlExplr n 16.07 0.50 6.1 -3.6 CoreGr n 70.71 4.49 9.3 22.9
I ResBdI 9.59 0.10 3.3 -4.6 RealRtnI 10.14 0.05 1.6 5.3 RealEstSecI 26.78 1.10 6.1 6.4
JPMorgan I Class: IntlGr n 31.60 1.76 11.1 17.4 WCM:
RschI 50.10 1.48 4.2 23.3 ShortT 9.44 0.01 0.0 2.5 SAMBalA p 14.07 0.32 4.3 8.2
CoreBond 10.39 0.10 3.0 -4.1 U IntlVal n 38.74 1.31 8.4 11.6
IFP US Equity Fund: ValueI 49.52 0.82 3.6 26.3 ShtAssetInv 9.84 0.01 0.1 1.6 SAMGrA p 15.94 0.44 4.9 11.8 FcusEmgMk Inst 13.79 0.42 7.1 -3.9
CorePlusBd 7.34 0.07 3.1 -3.6 Morgan Stanley Inst: Putnam Funds Class A: ITIGrade n 8.58 0.10 3.2 -3.5
IFP US EquityFd 17.73 0.52 7.3 31.6 StksPLS 9.82 0.28 4.6 22.7 UM Funds: WCM Focus Funds:
EmMktEq I 30.42 1.24 8.9 -6.0 LifeCon n 19.81 0.33 3.8 3.5
INVESCO A Shares: CapGrI 27.47 2.62 7.4 -13.8 TotRetESG 7.75 0.09 3.2 -6.6 DynAAGthA 16.26 0.40 4.0 13.9 BehavVal 79.73 1.65 5.4 47.1 WCMFocIntlGrwIns 21.15 0.91 7.6 16.4
EqInc 23.10 0.13 2.3 29.3 LifeGro n 37.83 1.00 5.0 13.5
AmValA 30.39 0.79 4.6 30.9 CapGrP p 24.66 2.35 7.4 -14.5 TotRt 8.71 0.09 3.0 -4.9 PutLargCap p 29.33 0.56 4.0 34.4 USAA Group: Western Asset:
GrAdv r 24.45 1.11 4.8 32.3 LifeInc n 14.77 0.17 3.2 -1.8
Invesco Fds Investor: GloFranI t 31.50 0.99 4.7 17.5 TrndsMgdFutStrgy 11.27 -0.02 0.4 40.5 GlbHlthCare p 55.67 -0.17 -0.6 31.0
LgCapVal 18.77 0.39 5.0 42.7 500Indx Reward n 50.89 1.37 4.1 27.5 LifeMod n 28.65 0.62 4.4 8.5 CoreBondI 11.02 NA NA NA
MorganStanleyPathway: PIMCO Funds A: GrOpp p 39.57 1.45 4.2 18.1
DivrsDiv n 18.07 0.19 3.2 21.5 LgCpGwth 46.31 1.27 3.5 36.1 CrnstModAggr n 24.52 0.49 4.4 8.8 LTIGrade n 8.29 0.17 6.4 -11.8 CoreBondIS 11.03 NA NA NA
LgCapEq n 19.62 0.58 5.0 20.8 IncomeFd 10.63 0.13 2.9 1.3 StDurInc 10.01 0.01 0.3 2.6
Invesco Funds A: MdCpGrw 39.78 1.68 5.0 21.6 Gr&Inc n 19.25 0.48 3.7 19.0 MATxEx n 10.15 0.13 2.8 -1.1 CorePlusBdA 9.80 NA NA NA
Munder Funds: LowDurInc 7.87 0.06 1.7 2.8 SustainLdrsFd p 92.44 2.95 4.5 24.7
500InxA 42.15 1.11 4.2 25.7 MdCpVal 35.37 0.71 5.0 25.6 Grwth n 24.31 1.00 5.8 10.4 MidCpGro pn 19.99 1.03 6.2 5.8 CorePlusBdI 9.82 NA NA NA
RealRtnA 10.14 0.05 1.5 4.0 Putnam Funds Class Y:
ActiveAllA 12.47 0.30 4.9 7.4 MtgBckd 10.21 0.09 2.7 -3.5 MndrIntlSmCpInv r 13.56 0.42 5.9 5.5 Inco n 11.45 0.12 3.1 -3.6 MuHY n 10.57 0.16 3.2 -1.1 CorePlusBdIS 9.81 NA NA NA
ShtDurBnd 10.54 0.04 0.8 1.4 Mutual Series: TotRetA 8.71 0.09 3.0 -5.9 GrOpp Y 42.32 1.55 4.2 19.0 ManagedMuniA 15.01 0.19 2.7 -1.5
CapApprA p 48.73 1.56 2.7 13.8 IncStk n 17.93 0.18 3.2 25.0 MuInt n 13.61 0.12 2.0 0.2
SmCap 53.47 2.05 6.4 21.2 PIMCO Funds C: PutLargCap 29.34 0.56 4.0 35.4 SMAShCrPlCp n 6.60 0.17 5.9 -23.8
Chart 15.24 0.44 3.9 16.9 BeacnZ 15.30 0.32 6.5 12.5 StDurInc 10.02 0.01 0.4 2.9 IntmTerm n 12.58 0.11 1.9 -0.6 OHLTte n 11.69 0.17 3.0 -0.6
CmstA 27.62 0.48 4.3 38.9 USEquity 17.74 0.48 3.9 33.3 GlbDiscA 27.98 0.52 5.9 13.4 IncomeFd 10.63 0.13 2.9 -1.0 LgTerm n 12.13 0.17 3.0 -2.4 Primcp nr 134.50 4.02 6.5 26.5 SmashSerM n 8.28 NA NA NA
DevMktA 38.88 1.80 9.2 -14.1 ValAdv 36.07 0.39 3.9 26.6 GlbDiscz 28.77 0.54 5.9 14.3 PIMCO Funds I2: R Nasdaq100 n 29.51 1.28 5.5 28.7 PrmcpCor n 28.87 0.83 6.2 28.1 Wm Blair Funds Cl I:
DiscFdA p 74.67 3.43 4.3 18.6 JPMorgan Inst Class: QuestZ 13.57 0.12 4.6 5.1 CommdtyRR 4.81 NA NA NA ntTerBd n 9.23 0.09 3.0 -1.3 SelValu nr 26.80 0.75 7.3 34.5 SmMidI r 27.55 1.27 6.3 13.9
January 16, 2023 BARRON’S 57

D ATA MARKET LABORATORY B A R R ON S .C OM / D ATA

DJ Half-Hourly Averages Trading Diary

The Dow Jones Averages Dow Jones 30 Industrial (divisor: 0.15172752595384)
Daily
Open (t)
Open (a)
10:00
Jan 9
33734.35
33664.39
33774.53
10
33503.55
33516.43
33571.59
11
33835.59
33754.03
33786.16
12
34064.16
34047.86
33914.58
13
33919.29
34075.31
34131.81
Market Advance/Decline Volumes
Daily
NY Up
NY Off
Jan 9 10 11
532,994 576,500 620,775 639,503 471,815
373,402 185,399 226,406 210,755 295,435
NY Up - Comp. 2,645,690 2,910,234 3,071,681 3,390,119 2,379,811
12 13

NY Off - Comp. 1,619,968 839,364 1,164,931 994,105 1,522,408

10:30 33763.14 33565.03 33795.12 34077.94 34241.34 NYSE Amer UP 6,721 5,484 4,021 7,594 5,488

Industrials 11:00
11:30
33865.48
33914.89
33584.00
33543.45
33717.45
33788.37
34087.02
34108.15
34237.80
34235.05
NYSE Amer Off
NASD Up
3,850 1,685 3,471 1,635 2,172
3,431,985 3,707,433 4,212,746 4,035,848 2,908,205
34925 12:00 33894.69 33546.51 33794.64 34142.80 34197.03 NASD Off 1,671,198 914,818 991,904 1,588,523 2,104,475
12:30 33851.55 33524.52 33836.17 34274.04 34223.29 NYSE Arca UP 182,008 175,327 210,166 289,006 181,384
Week's NYSE Arca Off 134,636 76,776 48,741 96,673 104,955
Components Change 1:00 33804.50 33564.28 33821.59 34254.37 34210.52
1:30 33768.23 33579.50 33876.61 34118.58 34159.08 % (QCHA) +.75 +1.16 +1.31 +1.53 +.61
3M 2.79 % (QACH) +1.69 +1.17 +1.17 +1.39 +2.30
2:00 33660.33 33634.26 33857.41 34277.50 34245.77
American Express 5.59 33950 2:30 33664.56 33644.60 33872.21 34210.93 34233.51
% (QCHAQ) +1.76 +2.55 +2.37 +2.23 +1.18
Amgen -3.47 3:00 33558.20 33611.67 33907.28 34201.71 34233.93 Market Advance/Decline Totals
Apple 5.14 3:30 33516.26 33626.13 33918.40 34163.25 34269.92 NYSE NYSE
Boeing 1.13 Weekly Comp. NYSE Amer Nasdaq Arca
Close 33517.65 33704.10 33973.01 34189.97 34302.61
Total Issues 3,369 324 5,323 1,955
Caterpillar 9.60 32975 High (t) 34095.69 33841.42 34126.77 34387.56 34503.07 Advances 2,822 256 4,152 1,783
Chevron 1.00 Low (t) 33375.49 33297.91 33529.31 33717.02 33778.87 Declines 499 62 1,051 161
Cisco Systems 0.56 High (a) 33935.11 33726.54 33974.69 34292.67 34342.32 Unchanged 48 6 120 11
Coca-Cola -1.97 Low (a) 33487.66 33421.80 33711.04 33792.10 33915.49 New Highs 256 12 373 70
Disney 5.48 Change –112.96 +186.45 +268.91 +216.96 +112.64 New Lows 28 8 116 29
Dow 3.66 32000 Week ended last Friday compared to previous Friday
Goldman Sachs 25.92 Theoretical (t): High 34503.07 Low 33297.91
Home Depot 13.68 Actual (a): High 34342.32 Low 33421.80 NYSE Composite Daily Breadth
Honeywell Intl 6.34 Daily Jan 9 10 11 12 13
IBM 2.19 31025 Issues Traded 3,221 3,211 3,220 3,225 3,205
Intel 1.38 Dow Jones 20 Transport (divisor: 0.16343894576034) Advances 1,907 2,219 2,396 2,372 1,925
Johnson & Johnson -6.82 Declines 1,194 877 707 746 1,167
Open (t) 13927.16 13990.42 14140.57 14368.00 14235.93 Unchanged 120 115 117 107 113
JPMorgan Chase 5.07 Open (a) 13893.02 14002.11 14090.22 14342.08 14328.07 New Highs 100 61 81 108 104
McDonald's -0.58
Merck -2.59 30050 10:00 13995.44 14005.55 14230.46 14265.65 14264.52 New Lows 9 6 5 12 6
10:30 14071.31 13993.77 14202.46 14320.55 14286.24 Blocks - primary 4,319 4,246 4,640 4,423 4,094
Microsoft 14.30 Total (000) - primary 915,603 779,396 857,218 861,652 774,903
11:00 14150.64 13861.84 14221.46 14245.62 14327.53
Nike Cl B 4.32 Total (000) 4,311,775 3,851,036 4,303,367 4,440,262 3,939,706
11:30 14182.20 13991.65 14229.33 14269.76 14300.90
Procter & Gamble -3.04
12:00 14178.38 13973.98 14210.34 14302.36 14314.37 NYSE American Composite
Salesforce 9.00 29075 12:30 14178.57 13957.15 14255.84 14326.63 14304.75 Daily Jan 9 10 11 12 13
Travelers Cos 0.05
1:00 14158.85 13970.24 14249.69 14335.23 14314.52 Issues Traded 308 304 302 302 304
UnitedHealth Group -0.43
1:30 14163.39 13967.17 14313.11 14353.90 14315.59 Advances 181 187 180 214 186
Verizon Communications -0.33
2:00 14107.72 14008.93 14305.75 14373.78 14331.35 Declines 106 101 109 72 102
Visa Cl A 5.31
Walgreens Boots Alliance 0.17 28100 2:30 14108.89 14037.12 14253.67 14402.92 14334.70 Unchanged 21 16 13 16 16
3:00 14088.76 14045.45 14276.45 14387.39 14325.90 New Highs 2 2 5 4 3
Walmart -1.49 July August September October November December January New Lows 2 4 2 2 ...
3:30 14034.45 14027.96 14280.70 14362.62 14343.29
Blocks - primary 125 82 90 96 89
Close 14018.51 14055.59 14304.24 14403.18 14364.39
Total (000) - primary 11,322 7,969 8,418 9,785 8,939
High (t) 14244.31 14135.37 14384.67 14494.22 14426.34 Total (000) 142,209 116,980 113,973 135,475 133,581
Transportation Low (t)
High (a)
13854.50 13835.47 14063.39 14166.76
14201.21 14066.20 14314.24 14426.13
14170.49
14383.21 Nasdaq
15500 Low (a) 13893.02 13859.49 14090.22 14211.46 14240.62 Daily Jan 9 10 11 12 13
Week's Change +142.32 +37.08 +248.65 +98.94 –38.79 Issues Traded 4,817 4,783 4,854 4,794 4,844
Advances 2,759 3,247 3,198 3,269 2,895
Components Change 15100 Theoretical (t): High 14494.22 Low 13835.47 Declines 1,842 1,326 1,438 1,308 1,671
Alaska Air Group 5.01 Actual (a): High 14426.13 Low 13859.49 Unchanged 216 210 218 217 278
American Airlines Group 2.84 14700 New Highs 117 102 127 139 121
Avis Budget Group 24.60 New Lows 38 39 30 26 19
CH Robinson Worldwide 0.32 Blocks - primary 31,148 32,689 36,837 40,660 34,314
14300 Dow Jones 15 Utilities (divisor: 1.27924906167720)
Total (000) 5,132,192 4,710,689 5,284,397 5,681,244 5,077,998
CSX 0.22
Open (t) 979.04 986.59 992.68 1002.96 988.21
Delta Air 2.17 NYSE Arca Composite
Expeditors Intl of Wash 0.74 13900 Open (a) 979.54 987.33 992.38 1003.30 989.89
10:00 980.53 985.01 998.12 999.70 985.36 Daily Jan 9 10 11 12 13
FedEx 2.86 Issues Traded 1,765 1,732 1,753 1,788 1,744
10:30 987.22 986.26 997.58 999.72 988.31
JB Hunt Transport 0.76 13500 Advances 1,201 1,280 1,509 1,590 1,271
11:00 987.82 980.13 998.21 998.10 985.76
JetBlue Airways 0.96 Declines 536 432 230 192 456
11:30 989.62 983.98 1000.82 999.64 985.27
Kirby Corp -0.49 13100 12:00 993.29 981.18 997.89 997.51 986.13
Unchanged 28 20 14 6 17
Landstar System 2.57 New Highs 15 8 23 43 40
Matson -0.47 12:30 991.76 982.54 997.87 1000.41 986.47 New Lows 8 9 8 7 14
Norfolk Southern -0.66 12700 1:00 989.80 982.60 998.58 998.95 985.90 Blocks - primary 1,586 1,348 1,196 1,493 1,348
Old Dominion Freight 14.65 1:30 990.31 982.99 998.65 1001.00 988.90 Total (000) - primary 333,210 252,980 260,714 385,754 292,132
Ryder System 7.97 12300 2:00 988.07 983.76 1001.99 999.16 989.26 Total (000) 1,798,441 1,364,902 1,639,820 1,878,983 1,557,162
Southwest Airlines 1.91 2:30 992.22 986.34 999.95 1001.90 989.20
3:00 993.59 985.92 1002.52 999.61 990.74
Union Pacific
United Airlines
1.22
9.41
11900
3:30
Close
990.75
988.42
987.71 1002.89
991.48 1002.11
995.94
993.88
989.92
988.60
Other Market Indexes
United Parcel Service B 3.20
11500 High (t) 996.62 993.76 1005.45 1005.73 994.03
Daily 1/09 1/10 1/11 1/12 1/13

July August September October November December January Low (t) 977.59 978.28 990.69 990.62 981.02 NYSE Amer Comp 4072.78 4108.91 4134.22 4213.42 4275.54
High (a) 995.83 992.46 1003.67 1003.30 991.99 AmMajorMkt 2996.81 3013.82 3033.86 3050.06 3062.45

Utilities Low (a)

Change
978.24
+7.15
979.80
+3.06
991.98
+10.63
992.76
–8.23
982.86
–5.28
BNY ADR Idx
Europe
148.83 149.83
143.07 143.85
150.61 152.91
144.39 145.94
154.22
146.92
1070 Latin Am 185.89 189.21 192.36 195.25 194.98
Theoretical (t): High 1005.73 Low 977.59 Asia 174.82 176.00 177.00 181.00 183.36
Week's
Change Actual (a): High 1003.67 Low 978.24 Emerg M 294.67 298.42 300.31 305.07 308.66
Components
DJ US TSM Float39089.28 39394.20 39916.05 40109.88 40282.76
AES 1.43 Nasdaq Cmp 10635.65 10742.63 10931.67 11001.10 11079.16
American Elec Power -1.69 1020 Dow Jones 65 Composite (divisor: 0.77130165331605)
100 Index 11108.45 11205.78 11402.52 11459.61 11541.48
American Water Works 0.61 Indus. 7531.24 7617.52 7782.36 7815.19 7884.72
Open (t) 11211.05 11191.57 11298.82 11409.01 11328.08 Insur. 11976.05 12066.91 12156.40 12088.26 12191.71
Atmos Energy 2.21
Open (a) 11190.95 11197.82 11271.60 11401.06 11381.08 Banks 4074.08 4103.03 4120.49 4166.09 4169.49
Consolidated Edison -1.34
10:00 11264.61 11198.31 11315.97 11349.99 11384.52 Computer 7869.38 7924.50 8087.01 8138.00 8194.44
Dominion Energy 1.05
Duke Energy -0.20 970 10:30 11262.28 11184.52 11308.33 11388.62 11412.24 Telecom 392.36 395.27 396.77 400.41 401.00
11:00 11297.92 11195.39 11293.04 11384.14 11407.00 NYSE Comp.-z 15514.44 15608.17 15749.09 15859.55 15918.37
Edison Intl 1.33
11:30 11319.45 11187.86 11312.11 11388.70 11407.22 Financial-z 8960.37 9005.01 9121.72 9203.18 9254.03
Exelon -0.29 Health Care-z23024.08 23147.23 23292.27 23236.80 23360.06
FirstEnergy 0.36 12:00 11325.89 11189.64 11315.26 11403.61 11387.21
Energy-z 12987.93 13073.37 13134.18 13384.35 13410.01
12:30 11306.70 11177.63 11334.22 11440.53 11402.58
NextEra Energy 1.03 920 1:00 11297.14 11190.68 11329.21 11434.62 11403.85
Russell 1000 2135.70 2151.31 2180.02 2188.71 2197.86
Public Svc Enterprise 0.02 2000 1795.91 1822.65 1844.05 1876.06 1887.03
Sempra 6.29 1:30 11289.18 11197.04 11354.59 11397.89 11388.48 3000 2249.25 2266.72 2296.75 2307.78 2317.66
Southern -1.31 2:00 11256.23 11222.77 11344.63 11458.52 11412.94 Value-v 1527.18 1538.21 1551.88 1558.39 1562.86
Xcel Energy -0.12 2:30 11258.77 11230.40 11344.88 11437.18 11414.94 Growth-v 2175.01 2191.11 2230.95 2239.35 2251.86
870 3:00 11221.19 11217.88 11358.03 11432.32 11413.02 MidCap 2766.31 2790.32 2829.98 2842.83 2852.78
3:30 11210.57 11224.00 11356.65 11420.19 11423.73 S&P 100 Index 1726.18 1737.80 1761.40 1767.67 1776.57
Close 11203.35 11252.95 11376.17 11426.17 11431.35 500 3892.09 3919.25 3969.61 3983.17 3999.09
High (t) 11378.49 11300.65 11428.99 11503.98 11492.91 Ind. 5367.58 5408.09 5477.69 5497.57 5521.87
Low (t) 11122.66 11104.51 11218.91 11277.63 11274.67 MidCap 2490.50 2514.52 2545.36 2568.37 2580.91
820 High (a) 11328.87 11261.12 11377.65 11462.08 11448.36 SmallCap 1185.96 1201.19 1214.57 1231.93 1238.88
July August September October November December January Low (a) 11190.95 11137.41 11271.60 11313.92 11332.07 Value Line(A) 8828.32 8927.45 9041.92 9128.11 9170.02
Value Line(G) 554.30 560.40 567.42 572.66 575.16
Note: Theoretical highs and lows are shown. A red chart indicates a lower price than the starting period. Green means it's higher than the starting period. Change +19.80 +49.60 +123.22 +50.00 +5.18
DJ US Small TSM12335.34 12499.14 12657.08 12841.81 12915.73
Theoretical (t): High 11503.98 Low 11104.51 (A)-Arithmetic Index. (G)-Geometric Index.
Actual (a): High 11462.08 Low 11137.41 (v)-Value 1000 and Growth 1000. (y)-Dec. 31,1965=50. (z)-Dec. 31,2002=5000.
58 BARRON’S January 16, 2023

D ATA MARKET LABORATORY B A R R ON S .C OM / D ATA

The Week In Stocks For the Major Indexes

12-Month Weekly Friday Weekly 12-Month Change From
Indexes’ P/Es & Yields
DJ latest 52-week earnings and dividends adjusted by Dow Divisors
Stock Volume
at Friday's close. S&P Dec. 4-quarter's GAAP earnings as reported Last Week Prev. Week Year Ago YOY % Chg
High Low High Low Close Chg. % Chg. Chg. % Chg. 12/30 % Chg. and indicated dividends based on Friday close.S&P 500 P/E ratios
based on GAAP earnings as reported. For additional earnings NYSE(a) 4,188,772 3,553,004 4,442,993 -5.72
Dow Jones Indexes series, please refer to www.spglobal.com. DJ latest available book 30 Dow Inds (b) 1,481,312 1,445,376 1,830,538 -19.08
35911.81 28725.51 30 Indus 34302.61 33517.65 34302.61 672.00 2.00 –1609.20 –4.48 1155.36 3.49 values for FY 2021 and 2020, and S&P latest for 2021 and 2020. r- 20 Dow Trans (b) 600,510 367,268 530,311 13.24
16718.54 11999.40 20 Transp 14403.18 14018.51 14364.39 488.20 3.52 –1540.57 –9.69 972.48 7.26 Revised data 15 Dow Utils (b) 229,240 188,773 257,608 -11.01
1071.75 838.99 15 Utilities 1002.11 988.42 988.60 7.33 0.75 35.53 3.73 21.20 2.19 65 Dow Stks (b) 2,311,061 2,001,417 2,618,458 -11.74
NYSE American (a) 46,434 39,676 76,716 -39.47
12199.42 9679.49 65 Comp 11431.35 11203.35 11431.35 247.80 2.22 –583.98 –4.86 468.52 4.27 Last Week Prev. Week Last Year Nasdaq(d) 25,886,520 19,830,099 22,362,552 15.76
Dow Jones Indexes
47316.14 36056.21 US TSM Float 40282.76 39089.28 40282.76 1196.72 3.06 –7033.38 –14.86 1762.16 4.57 DJ Ind Avg 34302.61 33630.61 35911.81 NYSE 15 Most Active
1150.64 876.95 US Market 979.10 951.26 979.10 27.78 2.92 –171.54 –14.91 41.27 4.40 P/E Ratio 22.67 22.32 22.04 Average Price 16.18 19.79 27.93 -42.07
Earns Yield % 4.41 4.48 4.54 % Tot Vol 14.53 12.89 15.90 -8.62
945.55 528.30 Internet 602.92 570.95 602.92 39.81 7.07 –342.63 –36.24 42.19 7.52 Stock Offerings $(z,v) 1,126,700 r303,100 3,066,100 -63.25
New York Stock Exchange Earns $ 1513.17 1506.52 1629.50
Divs Yield % 2.01 2.05 1.76
17219.06 13472.18 Comp-z 15918.37 15514.44 15918.37 378.63 2.44 –1300.70 –7.55 734.06 4.83 Daily Stock Volume 1/9 1/10 1/11 1/12 1/13
Divs $ 688.14 688.06 630.51
10536.90 7655.99 Financial-z 9254.03 8960.37 9254.03 284.05 3.17 –1247.68 –11.88 585.26 6.75 NYSE(a) 915,603 779,396 857,218 861,652 774,903
Mkt to Book 4.61 4.52 5.49
24968.12 20936.55 Health Care-z 23360.06 23024.08 23360.06 –11.85 –0.05 111.23 0.48 –79.78 –0.34 30 Inds (b) 327,846.9 269,499.3 301,652.8 308,197.6 274,115.0
Book Value $ 7439.45 7439.45 6543.35 20 Trans (b) 99,902.2 89,267.9 101,760.2 178,976.2 130,603.5
14030.84 10185.10 Energy-z 13410.01 12987.93 13410.01 440.00 3.39 2856.42 27.07 358.12 2.74
DJ Trans Avg 14364.39 13876.19 15904.96 15 Utils (b) 47,999.6 43,240.3 46,987.9 47,871.1 43,140.8
NYSE American Stock Exchange
P/E Ratio 11.40 11.12 27.11 65 Stks (b) 475,748.8 402,007.5 450,400.9 535,044.9 447,859.4
4688.00 3496.55 NYSE Amer Comp 4275.54 4072.78 4275.54 183.33 4.48 621.89 17.02 140.21 3.39 Earns Yield % 8.77 9.00 3.69 NYSE Amer(a) 11,322 7,969 8,418 9,785 8,939
3194.78 2510.61 Major Mkt 3062.45 2996.81 3062.45 45.10 1.49 –110.29 –3.48 124.41 4.23 Earns $ 1259.98 1248.17 586.76 Nasd(d) 5,132,192 4,710,689 5,284,397 5,681,244 5,077,998
Standard & Poor's Indexes Divs Yield % 1.36 1.40 0.97 NYSE 15 Most Active
2149.93 1615.09 100 Index 1776.57 1726.18 1776.57 48.92 2.83 –373.36 –17.37 67.40 3.94 Divs $ 194.81 194.81 154.69 Avg. Price 21.87 21.36 7.80 14.33 24.03
4662.85 3577.03 500 Index 3999.09 3892.09 3999.09 104.01 2.67 –663.76 –14.24 159.59 4.16 Mkt to Book 4.47 4.32 5.38 % Tot Vol 13.00 16.10 16.77 17.52 17.20
6499.01 4996.32 Indus 5521.87 5367.58 5521.87 150.43 2.80 –977.14 –15.04 209.56 3.94 Book Value $ 3214.72 3214.72 2957.33 Numbers in thousands save price and percentages. (a) Primary volume. (b) Composite volume. (d) as of 4:10 pm.
2782.64 2200.75 MidCap 2580.91 2490.50 2580.91 90.96 3.65 –201.73 –7.25 150.53 6.19 DJ Utility Avg 988.60 981.27 953.07 (r) Revised. (v) W/E Thursday. (z) Source: Refinitiv.
1388.27 1064.45 SmallCap 1238.88 1185.96 1238.88 53.05 4.47 –149.39 –10.76 81.35 7.03 P/E Ratio 23.46 23.28 31.16
Nasdaq Stock Market Earns Yield % 4.26 4.29 3.21
14893.75 10213.29 Comp 11079.16 10635.65 11079.16 509.86 4.82 –3814.60 –25.61 612.67 5.85 Earns $ 42.14 42.14 30.59
15611.59 10679.34
10868.70 7178.71
100 Index
Indus
11541.48
7884.72
11108.45
7531.24
11541.48
7884.72
501.13
404.24
4.54
5.40
–4070.11
–2983.98
–26.07
–27.45
601.72
537.04
5.50
7.31
Divs Yield %
Divs $
2.99
29.52
3.01
29.52
2.93
27.94
NYSE HALF-HOURLY VOLUME
12199.64 9622.71 Insur 12191.71 11976.05 12191.71 144.05 1.20 753.90 6.59 549.82 4.72 Mkt to Book 2.27 2.25 2.43 Daily 1/09 1/10 1/11 1/12 1/13
5408.36 3886.15 Banks 4169.49 4074.08 4169.49 59.88 1.46 –1238.87 –22.91 124.53 3.08 Book Value $ 435.47 435.47 392.45
11542.24 7416.59 Computer 8194.44 7869.38 8194.44 415.31 5.34 –3347.80 –29.00 387.48 4.96 S&P 500 Index 3999.09 3895.08 4662.85 9:30-10:00 113,636 95,249 99,372 102,682 99,625
480.21 329.24 Telecom 401.00 392.36 401.00 9.05 2.31 –79.21 –16.49 29.55 7.96 P/E Ratio 21.38 20.26 26.59 10:00-10:30 45,135 36,918 46,171 48,002 44,834
Russell Indexes Earns Yield % 4.68 4.94 3.76 10:30-11:00 38,645 38,474 42,155 40,288 36,670
2577.52 1969.25 1000 2197.86 2135.70 2197.86 61.91 2.90 –379.66 –14.73 91.96 4.37 Earns $ 187.08 192.26 175.36
11:00-11:30 32,014 27,556 34,730 33,913 33,014
2162.46 1649.84 2000 1887.03 1795.91 1887.03 94.23 5.26 –275.42 –12.74 125.79 7.14 Divs Yield % 1.70 1.75 1.33
Divs $ 67.98 68.16 62.02 11:30-12:00 31,971 26,153 29,475 29,834 28,698
2714.17 2076.07 3000 2317.66 2249.25 2317.66 68.39 3.04 –396.52 –14.61 100.51 4.53
1670.46 1339.62 Value-v 1562.86 1527.18 1562.86 28.88 1.88 –107.60 –6.44 65.74 4.39 Mkt to Book 3.97 3.86 5.03 12:00-12:30 26,310 24,124 28,574 32,157 22,406
2900.44 2082.30 Growth-v 2251.86 2175.01 2251.86 86.82 4.01 –648.58 –22.36 93.67 4.34 Book Value $ 1008.02 1008.02 927.52 12:30-1:00 25,881 23,704 24,950 24,624 23,163
3201.99 2481.47 MidCap 2852.78 2766.31 2852.78 93.45 3.39 –349.21 –10.91 152.11 5.63 S&P Ind Index 5521.87 5371.44 6499.01
1:00-1:30 26,742 23,023 27,801 30,992 24,686
Others P/E Ratio 22.22 21.24 31.32
Earns Yield % 4.50 4.71 3.19 1:30-2:00 29,990 25,984 25,155 27,327 23,425
9834.49 7679.59 Value Line-a 9170.02 8828.32 9170.02 372.70 4.24 –651.23 –6.63 639.99 7.50
Earns $ 248.47 252.89 207.49 2:00-2:30 27,955 25,945 25,889 31,224 23,073
663.47 491.56 Value Line-g 575.16 554.30 575.16 22.63 4.10 –88.31 –13.31 38.81 7.24
14766.63 11195.10 DJ US Small TSM 12915.73 12335.34 12915.73 610.81 4.96 –1850.90 –12.53 864.62 7.17 Divs Yield % 1.54 1.59 1.20 2:30-3:00 28,740 25,626 26,790 29,191 24,121
1026.25 760.10 Barron's Future Focus 869.46 838.37 869.46 32.79 3.92 –156.79 –15.28 57.29 7.05 Divs $ 85.04 85.41 77.99 3:00-3:30 34,026 33,452 35,583 37,519 30,028
Mkt to Book 5.30 5.15 6.94
1075.25 825.73 Barron's 400 976.74 942.85 976.74 36.70 3.90 –98.51 –9.16 56.34 6.12 3:30-4:00 454,557 373,188 410,572 393,898 361,161
Book Value $ 1042.07 1042.07 936.72
High/Low's are based upon the daily closing index. a-Arithmetic Index. G-Geometric Index. V-Value 1000 and Growth 1000 y-Dec. 31,1965=50 z-Dec. 31,2002=5000

U.S. Dollar Index vs Euro and Yen Selected IPOs

Per Share Values of Stocks Ticker Initial Offer Price IPO Date Recent Price %Chg
A Strong Yen: Moderating inflation has eased fears of further Fed rate hikes. Meanwhile, the yen jumped
2.8% this week on speculation that Japan’s central bank will repeat last month’s rate rise. Measuring the In the Dow Jones Averages MGO Global
Skyward Specialty
Atlas Lithium
MGOL
SKWD
ATLX
5.00
15.00
6.00
1/13
1/13
1/10
4.65
19.10
7.54
-7.0%
27.3%
25.7%
buck against a basket of six currencies, the ICE U.S. Dollar Index fell 1.6% on the week, to 102.18. This is a list of the Dow Jones trailing 52-week diluted share
earnings, dividends and book values as reported by the company.
25 Bolded numbers indicate new values. Sources Barron's Stats and
FactSet.
20 Industrial Stocks

15 Book Book
Investor Sentiment Readings New Listings
Earns Divs. Value Earns Divs. Value
10 NYSE
Am Exp 9.95 2.08 29.14 Johnson&John 7.18 4.45 28.16 High bullish readings in the Consensus stock index or in the Market
s Vane stock index usually are signs of Market tops; low ones, market None
5 Amgen 12.47 7.76 12.00 JPMorgChase 12.08 4.00 88.07 bottoms.
DXY (102.18) Apple 6.11 0.91 3.84 McDonalds 7.94 5.52 (6.17) NYSE American
0 Last Week 2 Weeks Ago 3 Weeks Ago
Boeing (14.25) Suspended (25.47) Merck Co 6.01 2.80 15.11
EURO in $ None
-5 Caterpillar 13.77 4.62 30.76 Microsoft 9.28 2.54 22.31 Consensus Index
s Chevron Corp 15.37 5.68 72.06 Nike Inc 3.55 1.255 9.73 Nasdaq
-10 Cisco Sys 2.77 1.52 9.79 Proc Gam 5.77 3.6097 19.11 Consensus Bullish Sentiment 60% 58% 59%
Coca Cola 2.29 1.74 5.32 3M Co 11.48 5.96 26.31 American Lithium (AMLI)
s
-15 Disney Walt 1.72 0.00 48.71 Salesforce.com 0.28 0.00 58.78 AAII Index Atlas Lithium (ATLX)
YEN in $ Dow 7.71 2.80 24.71 Travelers Cos 13.68 3.67 119.76 MGO Global (MGOL)
-20 Goldman Sachs 37.55 9.00 297.50 UnitedHealthGrp 21.19 6.40 76.26 Bullish 24.0% 20.5% 26.5% Skyward Specialty (SKWD)
-25 Home Depot 16.59 7.60 (1.64) Verizon 4.61 2.585 19.48

F M A M J J A S O N D J
Honeywell 7.53
IBM 1.37
3.97 27.12
6.59 21.05
Visa
Walgreens
6.99 1.575 16.32
(3.44) 1.915 27.06
Bearish
Neutral
39.9
36.0
42.0
37.5
47.6
25.9
Trading
Source: Tullett Prebon Intel 3.25 1.46 23.44 Wal-mart 3.24 2.24 30.15
Market Vane Suspended
Transportation Stocks NYSE
Bullish Consensus 39% 37% 37% UserTesting (USER)
AlaskaAirGroup 0.40 Suspended 30.19 Kirby Corp (3.84) Nil 48.02 TIM Group Market Sentiment Nasdaq
Distributions & Offerings 144 Filings AmericanAirlines
AvisBudgetGrp
(2.59) Suspended (11.33)
53.71 Nil (3.93)
Landstar Sys
Matson Inc
12.14
33.91
1.10 22.87
1.22 40.67 Indicator 47.0% 45.3% 46.3%
Imago BioSciences (IMGO)
Peak Bio (PKBO)
C.H. Robinson 8.27 2.26 15.65 Norf Southern 13.60 4.96 56.80 Pioneer Merger (PACX)
Secondary Distributions of common stocks SEC Form 144 must be filed by holders of restricted securities (also called letter stock) who intend to Powered Brands (POW)
CSX Corp 1.87 0.40 6.13 Old Dominion 11.67 1.20 32.00 Sources: Consensus Inc.; American Association of
sell shares. Shares Indicated: the number to be sold. Sales Date: the approximate date of the sale. Statera Biopharma (STAB)
FD Technology 4,025,000 $ $18 Delta Air Lines 2.04 Suspended 6.07 Ryder Sys 16.22 2.40 52.02 Individual Investors; Market Vane; TIM Group
(Sometimes shares aren't sold, even though their owner has filed a Form144.) Source: Thomson
Source: Dealogic LLC, New York City; (212) 577-4400. Reuters Expeditors Int'l
FedEx
9.52 1.34 20.90
12.73 4.20 95.98
Southwest Air
Un Pacific
1.28
11.21
Nil 17.59
5.08 22.17 Name
Coming U.S. Auctions Company Sym
Shares
Indicated $ Value
Sale
Date Seller Title
Hunt (JB) 9.56 1.60 29.67 UPS 12.76 5.58 16.38
Changes
Yields (%)
When Issued* Last Auction Olaplex OLPX 1,000,000 6,050,000 1/9/23 Walden, Tiffany CO
JetBlue Air (1.59) Nil 12.03 United Airlines (2.37) Nil 15.53
Arms Index NYSE
Tuesday Zuora ZUO 725,000 4,611,000 1/3/23 Tzuo, Tien AF Utility Stocks The Arms index, also known as the short term trading index, Vital Energy (VTLE), formerly
is a number derived by dividing one quotient into another Laredo Petroleum (LPI)
$60.0 bil 3-month 4.607 4.609 Bowlero BOWL 600,000 8,004,000 1/6/23 Shannon, Thomas AF quotient. The numerator in the index is the number of
$48.0 bil 6-month 4.788 4.801 AES Corp. (0.47) 0.632 2.96 Exelon 2.71 1.35 35.13 advancing stocks divided by the number of declining stocks. NYSE American
Samsara IOT 279,261 3,471,214 1/3/23 Calderon, Benjamin AF As of 3/14/11, the denominator in the index is now the
Am Elec 4.83 3.15 44.49 FirstEnergy 2.05 1.56 15.21 composite volume of advancing stocks divided by the None
Wednesday Novocure Ltd NVCR 212,500 23,106,230 1/5/23 Danziger, Asaf CEO composite volume of declining stocks.
AmericanWaterWorks 7.25 2.5675 40.18 NextEra Energy 1.94 1.70 18.95 Nasdaq
$12.0 bil 19-yr 10ms 3.512 3.579 Flywire FLYW 194,833 4,662,354 1/3/23 Massaro, Michael CEO Atmos Energy 5.66 2.78 59.71 Xcel Energy 3.06 1.95 28.70 GD Culture (GDC), formerly
Daily 1/9 1/10 1/11 1/12 1/13
Keurig Dr Pepper KDP 125,000 4,411,250 1/6/23 Gamgort, Robert AF Con Ed 4.78 3.16 56.60 Pub Sv Ent 2.70 2.16 28.65 Code Chain New Continent
Thursday DominionEnergy 2.79 2.67 31.51 Sempra Energy 7.13 4.58 79.17 (CCNC)
Baker Hughes BKR 124,618 3,738,540 1/6/23 Worrell, Brian FO NYSE .98 .73 1.29 .93 1.06 GeneDx (WGS), formerly
$17.0 bil 10-year 3.447 3.499 Duke Energy 4.96 3.98 61.55 Southn Co. 1.36 2.70 25.36 Sema4 (SMFR)
Adient Plc ADNT 100,000 3,834,000 1/9/23 Del Grosso, Douglas AF NYSE American .64 .43 1.27 .66 .77
Edison Int'l 1.90 2.8375 36.57 Princeton Bancorp (BPRN),
* As of Friday afternoon. Sunrun RUN 100,000 2,492,000 1/3/23 Fenster, Edward O Nasdaq .73 .60 .52 .98 1.25 formerly Bank of Princeton
January 16, 2023 BARRON’S 59

D ATA MARKET LABORATORY B A R R ON S .C OM / D ATA

Dow Jones U.S. Total Market Industry Groups CBOE Put / Call Ratio Foreign Exchange
Foreign
Currency
Foreign
Currency
U.S. $ in
Foreign
U.S. $ in
Foreign

Net Change % Change and Ranking 52 Week

vs. S&P 100 Country
in U.S.$
Fri.
in U.S.$
Last Fri.
Currency
Fri.
Currency
Last Fri.
Top 20 Weekly Ranked IG-Sym Close Wkly YTD Week Rank Yr Ago Rank YTD Rank 3 Yr High Low Readings in the CBOE equity put-call ratio of 60:100 and in the Argentina (Peso)-y .0055 .0056 181.2934 179.2837
S&P 100 of 125:100 are considered bullish, for instance. Bearish Australia (Dollar) .6976 .6876 1.4335 1.4543
Aluminum DJUSAL 186.56 + 28.18 31.22 +17.80 [1] –9.75 [73] +20.10 [3] +43.87 324.74 114.99 signals flash when the equity put-call level reaches the vicinity of Bahrain (Dinar) 2.6529 2.6525 .3769 .3770
Airlines DJUSAR 170.29 + 17.37 29.17 +11.36 [2] –11.67 [84] +20.67 [1] –13.78 202.22 126.96 30:100 and the index ratio hits 75:100. Brazil (Real) .1962 .1914 5.0963 5.2255
Transportation Svcs DJUSTS 301.45 + 30.03 49.60 +11.06 [3] –27.62 [127] +19.70 [4] +7.77 419.13 203.43 Bulgaria (Lev) .5538 .5441 1.8056 1.8380
Recreational Svcs DJUSRQ 73.18 + 7.15 12.50 +10.83 [4] –30.57 [131] +20.61 [2] –20.92 109.27 54.07 S&P 100 CBOE Canada (Dollar) .7465 .7437 1.3397 1.3447
Broadline Retailers DJUSRB 2217.38 + 203.70 263.28 +10.12 [5] –33.48 [133] +13.47 [15] +2.77 3,472.32 1,913.05 Chile (Peso) .001223 .001189 817.51 841.38
China (Renminbi) .1492 .1462 6.7030 6.8385
Travel & Tourism DJUSTT 610.39 + 52.89 87.59 +9.49 [6] –26.53 [125] +16.75 [9] –5.59 861.85 468.89 4.75 1.65 Colombia (Peso) .0002133 .0002058 4687.28 4860.00
Steel DJUSST 553.65 + 44.10 80.47 +8.65 [7] +36.00 [5] +17.01 [8] +33.32 582.15 334.31 Czech. Rep. (Koruna) …… .. …… .. …… .. …… ..
Industrial Metals & Mining DJUSIM 511.87 + 39.33 77.20 +8.32 [8] +17.85 [8] +17.76 [6] +39.64 567.58 323.28 Commercial rate .04515 .04433 22.146 22.557
Recreational Products DJUSRP 508.96 + 36.37 59.61 +7.70 [9] –22.41 [116] +13.27 [16] +11.00 643.33 418.43 Denmark (Krone) .1456 .1431 6.8679 6.9876
Real Estate Services DJUSES 247.00 + 17.43 25.01 +7.59 [10] –18.13 [102] +11.27 [19] +.76 297.87 188.07 3.90 1.40 EcuadorUS Dollar 1.0000 1.0000 1.0000 1.0000
Real Estate Investmt & Svcs DJUSRH 523.34 + 36.51 52.40 +7.50 [11] –18.23 [103] +11.13 [20] –.46 631.99 398.27 Egypt (Pound)-y .0338 .0368 29.5521 27.1979
Gambling DJUSCA 604.92 + 42.11 76.71 +7.48 [12] –9.23 [70] +14.52 [13] –13.80 723.15 420.78 Hong Kong (Dollar) .1280 .1281 7.8095 7.8064
Specialty Finance DJUSSP 477.25 + 32.41 47.11 +7.29 [13] –16.98 [99] +10.95 [21] +11.14 583.93 393.55 Hungary (Forint) .002731 .002698 366.13 370.59
Basic Resources DJUSBS 355.35 + 23.63 52.03 +7.12 [14] +10.44 [12] +17.15 [7] +27.73 424.80 234.11
3.05 1.15 Iceland (Krona) .007021 .006961 142.44 143.65
India (Rupee) .01230 .01215 81.282 82.274
Furnishings DJUSFH 360.73 + 22.55 44.63 +6.67 [15] –21.15 [111] +14.12 [14] +1.03 443.63 271.14
Indonesia (Rupiah) .0000652 .0000640 15338 15633
Durable Hshld Pdts DJUSHD 174.45 + 10.79 23.06 +6.59 [16] –45.84 [136] +15.23 [11] –12.22 316.45 142.99 Israel (Shekel) .2927 .2852 3.4161 3.5065
Automobiles DJUSAU 502.97 + 31.01 7.26 +6.57 [17] –61.60 [138] +1.46 [117] +29.62 1,334.00 449.86 2.20 0.90 Japan (Yen) .007821 .007570 127.86 132.11
Nonferrous Metals DJUSNF 602.63 + 37.05 94.31 +6.55 [18] +1.62 [30] +18.55 [5] +49.32 694.66 335.63 Kazakhstan (Tenge) .002164 .002152 462.19 464.77
Oil Equipment & Svcs DJUSOI 321.69 + 19.26 25.26 +6.37 [19] +49.42 [2] +8.52 [30] +9.68 321.69 189.69 Kuwait (Dinar) 3.2766 3.2659 .3052 .3062
Semiconductor DJUSSC 6434.81 + 376.02 592.86 +6.21 [20] –27.19 [126] +10.15 [23] +13.60 9,030.02 4,942.75 Macau (Pataca) .1243 .1242 8.0480 8.0500
1.35 0.65 Malaysia (Ringgit)-b .2307 .2271 4.3350 4.4035
Net Change % Change and Ranking 52 Week Mexico (Peso) …… .. …… .. …… .. …… ..
Floating rate .0533 .0523 18.7629 19.1343
Top 20 Yr Ago Ranked IG-Sym Close Wkly YTD Week Rank Yr Ago Rank YTD Rank 3 Yr High Low
New Zealand (Dollar) .6384 .6398 1.5664 1.5630
Integrated Oil & Gas DJUSOL 800.16 + 13.22 9.64 +1.68 [92] +53.55 [1] +1.22 [118] +16.06 828.50 526.91 0.50 0.40 Norway (Krone) .1010 .0999 9.9019 10.0064
Oil Equipment & Svcs DJUSOI 321.69 + 19.26 25.26 +6.37 [19] +49.42 [2] +8.52 [30] +9.68 321.69 189.69 Oman (Rial) 2.5977 2.5974 .3850 .3850
J F M A M J J A S O N D J Pakistan (Rupee) .00437 .00438 228.800 228.225
Oil & Gas Producers DJUSOG 880.80 + 22.09 16.28 +2.57 [78] +45.23 [3] +1.88 [112] +17.01 938.45 599.72
Source: CBOE Philippines (Peso) .01821 .01801 54.926 55.522
Exploration & Production DJUSOS 1047.29 + 36.21 26.83 +3.58 [61] +36.88 [4] +2.63 [106] +18.54 1,150.57 738.02 Poland (Zloty) .2309 .2267 4.3313 4.4102
Steel DJUSST 553.65 + 44.10 80.47 +8.65 [7] +36.00 [5] +17.01 [8] +33.32 582.15 334.31 Qatar (Rial) .2746 .2746 3.6416 3.6417
Oil Equip, Svcs & Distri DJUSOQ 406.24 + 18.09 23.36 +4.66 [36] +29.27 [6] +6.10 [62] +5.13 406.24 283.75 Russia (Ruble)-a .01515 .01379 66.000 72.500
Heavy Construction
Industrial Metals & Mining
DJUSHV
DJUSIM
976.24
511.87
+ 42.43
+ 39.33
35.31
77.20
+4.54
+8.32
[41]
[8]
+23.38
+17.85
[7]
[8]
+3.75
+17.76
[95]
[6]
+28.02
+39.64
987.53
567.58
701.03
323.28 Coming Earnings Saudi Arabia (Riyal)
Singapore (Dollar)
South Africa (Rand)
.2662
.7579
.0595
.2661
.7474
3.7562
1.3195
3.7585
1.3379
.0585 16.7966 17.1062
Property & Casualty DJUSIP 1308.90 + 2.14 48.43 +.16 [112] +13.86 [9] +3.84 [93] +12.10 1,308.90 1,077.90
Defense DJUSDN 564.66 – 32.50 –44.72 –5.44 [138] +13.72 [10] –7.34 [138] +1.87 630.68 493.71 Day Consensus Year South Korea (Won) .0008080 .0007975 1237.69 1253.85
Commercial Vehicles DJUSHR 3828.56 + 124.95 190.18 +3.37 [65] +11.88 [11] +5.23 [74] +21.31 3,828.56 2,650.92 Estimate Ago Sri Lanka (Rupee) .0027 .0027 366.0000 365.5000
Sweden (Krona) .0961 .0951 10.4019 10.5106
Basic Resources DJUSBS 355.35 + 23.63 52.03 +7.12 [14] +10.44 [12] +17.15 [7] +27.73 424.80 234.11 Switzerland (Franc) 1.0796 1.0776 .9263 .9280
Pipelines DJUSPL 707.53 + 17.16 21.04 +2.49 [79] +9.87 [13] +3.07 [104] +.50 762.34 595.88 Continued from page 11. Taiwan (Dollar) .03301 .03271 30.298 30.576
Insurance Brokers DJUSIB 617.27 + 12.18 29.47 +2.01 [86] +9.13 [14] +5.01 [77] +13.80 632.86 494.81 Thailand (Baht) .03044 .02957 32.850 33.820
Aerospace & Defense DJUSAE 1674.63 – 47.68 –19.42 –2.77 [137] +7.66 [15] –1.15 [131] +.05 1,722.31 1,369.42 Turkey (New Lira)-d .0532 .0535 18.7937 18.6983
Pharmaceuticals DJUSPR 831.99 – 19.19 –8.80 –2.25 [135] +7.43 [16] –1.05 [130] +9.87 862.09 715.78 TH Ukraine (Hryvnia) .0272 .0271 36.7500 36.8500
Nonlife Insurance DJUSIX 919.69 + 1.33 30.92 +.14 [113] +5.96 [17] +3.48 [100] +11.52 949.18 758.54 Comerica (Q4) 2.56 1.66 U.K. (Pound) 1.2234 1.2093 .8174 .8269
Insurance DJUSIR 951.66 + .45 29.95 +.05 [116] +5.28 [18] +3.25 [103] +11.00 980.36 788.41 Uruguay (Peso) …… .. …… .. …… .. …… ..
Fifth Third Bancorp (Q4) 1.00 0.90 Financial .02521 .02508 39.660 39.880
Apparel Retailers DJUSRA 1224.61 – 7.21 46.22 –.58 [121] +5.26 [19] +3.92 [91] +5.60 1,231.82 814.48
Netflix (Q4) 0.63 1.33 Euro 1.0833 1.0644 .9231 .9395
Multiutilities DJUSMU 252.09 + 4.11 6.28 +1.66 [93] +4.95 [20] +2.56 [107] +3.50 274.00 211.77
PPG (Q4) 1.13 1.26 Special Drawing Rights (SDR) are based on exchange rates for the U.S.,
British, and Japanese currencies. Source: International Monetary Fund.
Groups are weighted by capitalization. 52-week highs and lows are based on daily closes. Dec. 31, 1991=100. In the U.S. listings, % vol chg column shows the change from previous 65-day moving Procter & Gamble (Q2) 1.58 1.66 a-Russian Central Bank rate. b-government rate. d-rebased as of Jan. 1,
average. Volume figures do not reflect extended trading hours. SVB Financial (Q4) 5.29 6.56 2005. y-floating rate.

F
Ally Financial (Q4) 0.99 2.02
Money Rates
Delta Market Pulse of the Economy
Regions Financial (Q4)
State Street (Q4)
0.65
1.96
0.43
2.00
Latest Week Prev. Week Yr Ago

Discount Rate (NY) 4.50 4.50 0.25

Sentiment Only includes new reports. Latest Latest Preceding Year YroYr Latest Latest Preceding Year YroYr
(Earnings are diluted and report dates are tentative. All fore-
casts and historical numbers exclude extraordinary items by
Prime Rate (base) 7.50 7.50 3.25
Date Data Period Ago % Chg accounting definitions.)
Indicator Economic Growth and Investment
No Activity for this Week
Date Data Period Ago % Chg
Trade
Source: FactSet
Fed Funds Rate

Avg effective offer 4.34 4.33 0.08

The Delta MSI measures the
position of a representative set Production
No Activity for this Week Conference Call Calendar Earnings- Avg weekly auction-c 4.33 4.33 0.08

of stocks relative to an Related T-Bills Rate

intermediate-term moving Inflation Company Date Time Period
Electric power, (mil. kw hrs) (EEI) Jan 7 73,106 79,495 82,453 –11.34 13 weeks, Coupon Yield 4.677 4.522 0.122
average crossover (MAC) point.
When greater than 50% of the Petroleum, related capacity, % Jan 6 84.1 79.6 88.4 –4.86 ECRI Industrial Price Index f Jan 13 119.24 117.32 154.91 –23.03 Citizens Financial January 17 9:00AM Q4 13 weeks, Auction Rate 4.560 4.410 0.120
stocks followed are above this Consumer price index b (unadjusted) 26 weeks, Coupon Yield 4.892 4.812 0.279
Rotary rigs running, U.S. & Can., (Hughes) Jan 13 1,002 961 792 26.52 Dec 296.8 297.7 278.8 6.46 Discover Financial Services January 19 8:00AM Q4
MAC point, the market is 26 weeks, Auction Rate 4.710 4.635 0.275
bullish. When the indicator is Rate of inflation, % (annual, unadjusted) Dec 6.5 7.1 7.0 –7.14 Fastenal January 19 10:00AM Q4 Avg weekly auction-c 4.46 4.34 0.09
Steel, (thous. tons) Jan 7 1,595 1,602 1,813 –12.02 Kinder Morgan January 18 4:30PM Q4
below 50%, risk is elevated and Broker Call Rate 6.25 6.25 2.00
stock exposures should be Steel, rated capacity, % (AISI) Jan 7 71.3 71.8 82.3 –13.37 Employment PPG Industries I January 20 8:00AM Q4
reduced. Manager uses Procter & Gamble January 19 8:30AM Q2 Bankers Acceptances
discretion on asset allocation Initial jobless claims (thous.) Jan 7 205 r206 238 –13.87 Schlumberger NV January 20 9:30AM Q4
when MSI is at 50% +/- 3%. Consumption and Distribution
1 month 4.35 4.25 0.12
Continuing claims (mil.) Dec 31 1.634 r1.697 1.778 –8.10 Signature Bank January 17 8:00AM Q4
2 months 4.50 4.35 0.14
Instinet Research Redbook Avg. (monthly %) Jan 7 8.39 –8.85 16.64 …. State Street January 20 11:00AM Q4

Bullish
Help Wanted Online –Ads (thous,) Dec 6,741.1 6,496.2 8,657.6 –22.14 3 months 4.70 4.58 0.16
Baltic Dry Index Jan 13 946 1,130 1,764 –46.37 SVB Financial January 19 6:00PM Q4 6 months 5.05 4.93 0.20
Small Business Optimism Index Dec 89.8 91.9 98.9 –9.20 United Airlines January 18 10:30AM Q4
Wholesale sales, (mil. $) Nov 693,722 r697,748 638,366 8.67 Libor Interbank Rate
Source: CCBN, www.ccbn.com
Construction
Current Sentiment 1 month 4.45 4.40 0.10
Inventories
No Activity for this Week 3 months 4.79 4.81 0.24

75.2%
6 months 5.10 5.20 0.40
Domestic crude oil, (thous. bbls) Comm. (Excl. Lease Stck)
Gasoline, (thous. bbls)
Jan 6 439,607 420,646 413,298 6.37
Jan 6 226,776 222,662 240,748 –5.80
Other Indicators Barron’s 50-Stock Average 12 months 5.36 5.56 0.73

Citi Research Panic–Euphoria Reading Jan 13 –0.11 –0.15 0.55 …. This index is a weighted average of 50 leading issues. Useful in secu- Foreign Prime Rates
Wholesale inventories, (mil. $) Nov 933,076 r924,226 771,833 20.89 rity valuation. Source: Barron's Stats
Last Week Orders a-1997 equals 100. b-1982-84 equals 100. c-1982 equals 100. f-1996 equals 100. h- Canada 6.45 6.45 2.45
benchmark revision, 2016 equals 100. r-Revised. Jan 12 Jan 5 Jan Yr-to-Yr Germany 2.50 2.50 0.00

64.6%
No Activity for this Week 2023 2023 2022 % Chg Japan 1.475 1.475 1.475
Switzerland 1.50 1.50 0.00
S&P 500 Index 3983.17 3808.10 4541.08 –12.29 Britain 3.50 3.50 0.25
Barron’s 50 Index 11643.96 11269.34 11298 3.06
Other Money Rates
2 Weeks ago Projected quarterly earn 143.71 143.71 139.76 2.83
Fannie Mae Home Loan:
Annualized projected earn 574.84 574.84 559.05 2.83 30-Year Fixed Conv 5.45 6.01 2.97
American Debt and Deficits Adjustable Mortgage Rates
61.6%
Annualized projected P/E 20.26 19.60 20.2 0.23 Bank money market-z 0.26 0.26 0.07
Five-year average earn 480.58 480.58 445.35 7.91 Interest Checking-z 0.06 0.06 0.03
Latest Preceding Year Ago Yr over Yr 6-Month Certif-z 0.94 0.94 0.09
Jan 13 Jan 6 Yr. Ago YOY % Chg Five-year average P/E 24.23 23.45 25.4 –4.50 12-Month Certif-z 1.40 1.39 0.14
Report Report Report % Chg
3 Weeks ago 1 Year Treas Bills 4.73 4.73 0.41 1053.66 Year-end earn 603.20 603.20 537.33 12.26 30 Month Accounts-z 1.20 1.19 0.18
Federal Budget Deficit (bil. $)-a 1,359FY'24 1,372FY'23 1,837FY'22 …. 2 Year Treas Notes 4.36 4.35 0.83 425.30 5-Year Certificates-z 1.16 1.16 0.26
Year-end P/E 19.30 18.68 21.0 –8.20
Current Market Exposure: Budget Surplus/Deficit (bil. $)-b, December –85.00 –248.54 –21.30 299.06 3 Year Treas Notes 4.11 4.18 1.10 273.64
Year-end earns yield, % 5.18 5.35 4.8 8.93 U.S. Savings EE Bonds:
100% Equities, 0% Bonds, 0% Trade Deficit (bil. $, sa)-c, November –61.51 r-77.85 –77.98 -21.12 5 Year Treas Notes 3.85 3.96 1.43 169.23
Cash Treasury Gross Public Debt. (bil. $)-d 31,375.1 31,375.5 29,782.3 5.35 10 Year Treas Notes 3.69 3.86 1.70 117.06 Best grade bond yields, % 4.29 4.19 2.60 65.00 Long-Term (5yrs+) 2.10 2.10 0.10
Treasury Statutory Debt Limit (bil. $)-d 31,381.5 31,381.5 …. …. 20 Year Treas Bds 3.96 4.12 2.11 87.68
Source: Delta Investment Consumer Installment Debt (bil. $)-e, November 4,757.2 4,729.3 4,412.3 7.82 Bond yields/stock ylds, % 0.83 0.78 0.55 51.48
Management 11th District % Nov Discontinued .... 0.218 .... c-Annualized yields, adjusted for constant maturity, reported by the Federal
FHFA PMMS+ 6.91 6.91 0.87 694.25 Actual year-end divs 238.05 238.78 222.74 6.87 Reserve on a weekly average basis. Sources: Tullett Prebon information, Ltd.
www.deltaim.com, (415) Sources: a-Office of Management and Budget, b-Monthly Treasury Statement, c-Monthly Commerce Dept. Factset. z-Bankrate.com.
249-6337 Report, d-Daily Treasury Statement, e-Monthly Federal Reserve Release. Fed annualized yields adjusted for constant maturity. Actual yr-end divs yld, % 2.04 2.12 1.97 3.70
60 BARRON’S January 16, 2023

D ATA MARKET LABORATORY B A R R ON S .C OM / D ATA

Barron’s Gold Mining Index Weekly Bond Statistics Dividend Payment Boosts Top 5 Insider Purchases by
12-Month Year Week %
High Low
1228.34 684.61 Gold mining
1/12
971.94
1/5
892.22 1074.87
Ago Chg.
+8.94
New Offerings, (mil $) (v) Last Week Prev. Week Yr Ago Adjusted % Record Ex-Div Payment Company in 2023
Corporate (z) 37,232 r69,374 41,526 Company Name-Ticker Symbol (Exchange) Yield Period To From Increase Date Date Date Number of Number of Avg.
Municipal (z) 5,274 r767 0 Company Sym Insiders Shares $ Value Price
Apogee Enterprises-APOG (Nasdaq) 2.1 Q .24 .22 9.1 1-31 1-30 2-15
Best Grade Bonds-y Ares Dynamic Credit Alloc-ARDC (NYSE) 10.6 M .1075 .1025 4.9 1-20 1-19 1-31 Compass Diversified CODI 8 44,103 843,708 $19.13
Gold & Silver Prices (Barron's index of 10 high-grade corporate bonds.) Bank of America Pfd E-BACpE (NYSE) 5.4 Q .31664 .25556 23.9 1-31 1-30 2-15
Heico
Biote
HEI
BTMD
8 9,200 1,444,999 $157.07
4 326,350 979,050 $3.00
Handy & Harman 1/13 1/6 Year Ago 4.29 4.19 2.45 Bank of America Pfd. 2-BMLpH (NYSE) 4.8 Q .34412 .23595 45.8 2-15 2-14 2-28 Aim Immunotech AIM 3 322,583 100,001 $0.31
Gold, troy ounce 1907.15 1852.20 1822.95 Interm-Grade Bonds-y Codorus Valley Bancorp-CVLY (Nasdaq) 2.7 Q .16 .15 6.7 1-24 1-23 2-14 Brt Apartments BRT 3 335,249 6,679,563 $19.92
Silver, troy ounce 24.11 23.85 22.95 Franklin Ltd Duration IT-FTF (NYSE AMER ) 11.8 M .0595 .0593 0.3 1-19 1-18 1-31
(Barron's index of 10 medium-grade corporate bonds.) Top 5 Insider Sales by Company in 2023
Base for pricing gold and silver contents of shipments and for making 4.99 5.29 2.90 Gladstone Capital-GLAD (Nasdaq) 8.9 M .075 .07 7.1 1-20 1-19 1-31
refining settlement. United Therapeutics UTHR 7 53,850 14,688,314 $272.76
Gladstone Land-LAND (Nasdaq) 2.8 M .0459 .0458 0.2 1-20 1-19 1-31
Confidence Index Mongodb MDB 6 56,899 11,359,435 $199.64
Coins Price Premium $ Premium %
Lakeland Financial-LKFN (Nasdaq) 2.4 Q .46 .40 15.0 1-25 1-24 2-06
Monolithic Power Systems MPWR 5 33,356 11,506,486 $344.96
(High-grade index divided by intermediate-grade index; decline in Liberty All-Star Growth-ASG (NYSE) 8.7 Q .11 .10 10.0 1-20 1-19 3-06
Krugerrand 1995.24 76.74 4.00 latter vs. former generally indicates rising confidence, pointing to Moderna MRNA 4 144,000 25,583,709 $177.66
Maple Leaf 2014.43 95.93 5.00 higher stocks.) Plains All Amer Pipeline-PAA (Nasdaq) 8.9 Q .2675 .2175 23.0 1-31 1-30 2-14
Mexican Peso 2321.14 8.00 0.35 Novocure NVCR 4 260,537 28,528,436 $109.50
86.0 79.1 84.6 Plains GP Holdings-PAGP (Nasdaq) 8.3 Q .2675 .2175 23.0 1-31 1-30 2-14
Austria Crown 1883.51 3.00 0.16
Austria Phil 2014.43 95.93 5.00 Royalty Pharma-RPRX (Nasdaq) 2.0 Q .20 .19 5.3 2-16 2-15 3-15
U.S. Eagles 2014.43 95.93
Premium is the amount over the value of the gold content in the coin.
5.00 Other Confidence Indicators:

Bloomberg Barclays US Long Treasury*

Seven Hills Realty Trust-SEVN (NCM ) 12.9 Q .35 .25 40.0 1-23 1-20 2-16 Yearly High/Lows Gold Prices
Source Manfra, Tordella & Brookes, Inc. Bullion spot gold price 1918.5 STAG Industrial-STAG (NYSE) 4.2 M .1225 .121667 0.7 1-31 1-30 2-15 The yearly Gold price; with a high/low range based on the daily close.
(This index measures the performance of fixed-rate, nominal US Stellus Capital Invt-SCM (NYSE) 11.6 M .1333 .1133 17.7 1-31 1-30 2-15
Treasuries with at least 10 years to maturity. Jan. 1, 1973=100.) Year High Date Low Date
TD SYNNEX-SNX (NYSE) 1.3 Q .35 .30 16.7 1-20 1-19 1-27
Gold Performance Bloomberg Barclays US Credit
3348.91 3300.41 4301.16
Templeton Emerging-TEI (NYSE) 11.3 M .047 .0439 7.1 1-19 1-18 1-31
2023
2022
1907.15
2039.05
Jan.
Mar.
13
08
1834.00
1628.75
Jan
Nov.
05
03
A High Bar: Slowing inflation lifted gold’s Templeton Global-GIM (NYSE) 8.8 M .0308 .0296 4.1 1-19 1-18 1-31 2021 1943.20 Jan. 04 1683.95 Mar. 30
(This index includes all publicly issued, fixed-rate, non-convertible, 2020 2067.15 Aug. 06 1474.25 Mar. 19
price by 3%, to $1,907 an ounce. UMH Properties-UMH (NYSE) 4.8 Q .205 .20 2.5 2-15 2-14 3-15 2019 1546.10 Sept. 04 1269.50 Apr. 23
investment-grade, dollar-denominated, SEC-registered corporate
debt.) Vertical Cap Incm Fd-VCIF (NYSE) 9.1 M .0683 .0681 0.3 1-19 1-18 1-31 2018 1354.95 Jan. 25 1178.40 Aug. 17
30 2926.65 2845.52 3292.64 2017 1346.25 Sept. 08 1151.00 Jan. 03
2016 1366.25 July 06 1077.00 Jan . 05
Barron's Gold Mining Index (971.94)
20
Ryan Labs Treasury Index

(Index of total return from active Treasury notes and bonds. Dec.
31, 1996=100.)
Dividend Payment Reductions 2015
2014
2013
2012
1295.75
1385.00
1693.75
1791.75
Jan.
Mar.
Jan.
Oct.
22
14
02
04
1049.40
1142.00
1192.00
1540.00
Dec.
Nov.
June
May
17
05
28
30
Adjusted % Record Ex-Div Payment
272.70 266.62 309.84 2011 1895.00 Sept. 06 1319.00 Jan. 28
Company Name-Ticker Symbol (Exchange) Yield Period To From Decrease Date Date Date
10
Handy & Harman Gold Price Bond Buyer 20 Bond Index BP Prudhoe Bay Royalty-BPT (NYSE) 29.4 Q .29743 .703137 -57.7 % 1-17 1-13 1-23

0
(Index of yields of 20 general obligation municipal bonds.) Knot Offshore Partners-KNOP (NYSE) 1.6 Q .026 .52 -95.0 % 1-26 1-25 2-09 Week’s Week’s
3.45 3.66 2.19 MV Oil Trust-MVO (NYSE) 14.5 Q .41 .685 -40.1 % 1-17 1-13 1-25
Bond Buyer Municipal Bond Index
Dividend Dividend
-10
(Index of 40 actively-traded tax-exempt bonds; component issues
are changed regularly to keep the index a current picture of the
Stock Splits/Dividends Special Dividends Payment Payment
Record Ex-Div Pay Record Ex-Div Pay
market. Source: The Bond Buyer Company Name-Ticker Symbol (Exchange) Amount Date Date Date Company Name-Ticker Symbol (Exchange) Amount Date Date Date This list includes payouts on This list includes payouts on
-20 4.43 4.61 3.50 common stocks. common stocks.
NONE National Bankshares-NKSH (NCM ) 1.00 1-23 1-20 2-03
Opera ADR-OPRA (Nasdaq) 0.80 1-30 1-27 2-09 NYSE NASDAQ
Stock/Bond Yield Gap-s
-30 Monday (January 16) Monday (January 16)
(Difference between yield on highest-grade corporate bonds and
yield on stocks on the DJIA.)
-2.28 r-2.14 -0.69
Week’s Ex- Week’s Ex- U.S. Treasury Bills Osisko Gold Royalties
TFI International
.041
.35
BancFirst .40
-40
Yield on DJ Equal Weight US Corp Bond Idx:
Dividend Dividend Maturity Bid Asked
Wkly
Chg.
Ask
Yld.
Thermo Fisher Scientific .30
Vermilion Energy .059
Riverview Bancorp .06

F M A M J J A S O N D J Tuesday (January 17)

Corp Bonds, (y) 5.14 5.50 2.64 Dates Dates January 17
January 19
4.01
4.08
4.00
4.07
-0.02
0.09
4.05
4.13
Tuesday (January 17)
Equity Bancshares Cl A .10
v-Week ended Thursday. y-Yield to maturity, week ended Thursday. z- January 24 4.20 4.19 0.17 4.25 Choice Hotels Intl .237 Fifth Third Bancorp .33
Source: Refinitiv.*Barclays T-Bond Index discontinued by firm. This list includes payouts on This list includes payouts on DigitalBridge Group .01
common stocks. common stocks. January 26 4.20 4.19 0.17 4.25 First Internet Bancorp .06
January 31 4.21 4.20 0.12 4.26 Dollar General .55
NYSE NASDAQ Ecolab .53 Franchise Group .625
February 02 4.14 4.13 0.14 4.20
Tuesday (January 17) February 07 4.18 4.17 0.12 4.24 Ladder Capital Cl A .23 HarborOne Bancorp .07
Federal Reserve Data Bank Tuesday (January 17)
Alamo Group .22
Comtech TeleComm
Global Water Resources
.10
.025
February 09
February 14
4.25
4.38
4.24
4.37
0.19
0.31
4.31
4.44
Loma Negra ADR
Occidental Petroleum
.691
.13
Hurco Cos
INDUS Realty Trust
.15
.18
One week ended Jan 11: RGC Resources .198 February 16 4.28 4.27 0.15 4.35 OFG Bancorp .20
GFL Environmental .012 Pegasystems .03
February 21 4.31 4.30 0.06 4.38 PermRock Royalty Trust .081
Graco .235 Wednesday (January 18) Werner Enterprises .13
Member Bank Latest Prev. Week Year Ago February 23 4.44 4.43 0.15 4.51 Portland Gen Electric .452
Reserve Chgs. (Mil. $) Week Change Change Quest Diagnostics .66 NONE Raymond James .42 Willis Towers Watson .82
February 28 4.38 4.37 0.03 4.46
Thursday (January 19) March 02 4.39 4.38 0.02 4.47 US Bancorp .48 York Water .203
U.S. Gov't securities: Wednesday (January 18)
Patterson Cos .26 March 07 4.40 4.39 0.02 4.48 Valmont Industries .55
Bought outright 8,100,429 -30,771 -189,634 Commercial Metals .16 March 09 4.41 4.40 0.02 4.50 Wednesday (January 18)
Friday (January 20) Wednesday (January 18)
Compass Diversified .25 March 14 4.46 4.45 0.11 4.54 360 DigiTech ADR .16
Federal agency secur: APA .25 AXIS Capital Holdings .44
March 16 4.40 4.39 0.05 4.49
Bought outright 2,347 .... .... Thursday (January 19) CME Group Cl A 4.50
Saturday (January 21) March 21 4.39 4.38 0.04 4.48 Thursday (January 19)
NONE March 23 4.41 4.40 0.05 4.51 Gentex .12
Reserve bank credit: Argan .25 BanColombia ADR .654
March 28 4.41 4.40 0.04 4.50 Great Southern Bancorp .40
Primary Credit 3,812 -1,120 +3,419 Atlas .125 Sunday (January 22) FMC .58
March 30 4.41 4.40 0.03 4.52 Intuit .78
Caterpillar 1.20 NONE New York Times .09
Secondary Credit .... .... .... April 04 4.43 4.42 -0.01 4.52
Owens Corning .52 Thursday (January 19)
Seasonal Credit .... -10 .... Costamare .115 Monday (January 23) April 06 4.47 4.46 -0.04 4.56
Trinseo .32
Float -157 +333 -28 CVS Health .605 NONE April 11 4.44 4.43 -0.08 4.54
Micron Technology .115
Other F.R. Assets 39,983 +1,955 +943 April 13 4.51 4.50 0.04 4.61 Friday (January 20)
Genl Dynamics 1.26 Utd Security Bancshares .11
April 18 4.50 4.49 -0.03 4.60
AECOM .18
Total Fed Credit #
Gold stock
8,471,425
11,041
-30,534
....
-265,633
....
nVent Electric
Pentair
.175
.22
Week’s Ex- April 20
April 25
4.53
4.51
4.52
4.50
0.02
-0.03
4.63
4.61
ESCO Technologies
Helios Technologies
.08
.09
Friday (January 20)
SDR Certif. Accounts 5,200 .... ....
Treas. Curr. Outst. 51,485 +14 +728
PerkinElmer
Procter & Gamble
.07
.913
Dividend April 27
May 02
4.50
4.54
4.49
4.53
-0.06
-0.03
4.61
4.65
Toll Brothers .20
Andersons
Andersons
.185
.185
Total 8,557,698 -30,617 -266,694 May 04 4.53 4.52 0.02 4.64 Saturday (January 21)
Currency in circ 2,302,550 -6,149 +68,134
RPM Intl
SM Energy
.42
.15
Dates May 09
May 11
4.56
4.53
4.55
4.52
-0.05
0.01
4.68
4.65
NONE
Balchem
Encore Wire
.71
.02
Treas. Cash Hldgs 102 +3 +37
TD SYNNEX .35 This list includes payouts on May 16 4.60 4.59 .... 4.73 Sunday (January 22) Erie Indemnity Cl A 1.19
Treas. Fed Deposits 372,340 -51,285 -84,061 common stocks.
Williams-Sonoma .78 May 18 4.53 4.52 .... 4.65 NONE First Bancorp .34
Foreign Fed Deposits 8,935 .... +2,757
NYSE American May 25 4.54 4.53 .... 4.66 Horizon Bancorp .16
Other Fed Deposits 203,773 -13,499 -38,179 Zoetis .375 June 01 4.54 4.53 .... 4.67
Tuesday (January 17)
Other FR liab/cap
Total factors
28,508
5,476,461
+385
-281,710
-19,979
+625,624
Friday (January 20) NONE
Wednesday (January 18)
June 08
June 15
4.56
4.54
4.55
4.53
0.02
0.04
4.69
4.68
Week’s Keurig Dr Pepper
Landstar System
.20
2.00
Reserves F.R. banks
Fgn hold U.S. debt
3,081,237
3,331,543
+251,093
+6,915
-892,317
-102,037
Cooper Cos

Saturday (January 21)

.03 NONE
Thursday (January 19)
June 22
Jun 29 '23
4.52
4.56
4.51
4.55
-0.06
-0.08
4.66
4.70 Dividend Preferred Bank LA
Republic Bancorp KY Cl A
.55
.341
Jul 06 '23 4.57 4.56 -0.08 4.72

Reserve Aggr (Mil. $) Latest Prev. Month % Year

NONE
InnSuites Hospitality
Friday (January 20)
.01
Jul 13 '23
Aug 10 '23
4.62
4.45
4.61
4.44
....
0.01
4.78
4.62
Payment Royal Gold
Xcel Energy
.375
.488
NONE
Month Ended November: Month Month Chg. Ago Sunday (January 22) Sep 07 '23 4.33 4.32 0.02 4.51 This list includes payouts on
Saturday (January 21) common stocks. Saturday (January 21)
NONE Oct 05 '23 4.40 4.39 .... 4.59
Total Reserves: 3,126,200 3,055,700 2.31 4,180,600 NONE
Sunday (January 22) Nov 02 '23 4.43 4.42 .... 4.64 NYSE American NONE
Nonborrowed Res 3,107,000 3,035,900 2.34 4,135,300 Nov 30 '23 4.45 4.44 0.02 4.68
Monday (January 23) NONE
Borrowed Reserves 19,178 19,828 -3.28 45,318 Dec 28 '23 4.48 4.47 .... 4.73 Mon. (Jan. 16)-Sun. (Jan. 22) Sunday (January 22)
Monday (January 23)
Monetary Base 5,418,700 5,339,700 1.48 6,394,700 NONE
NONE NONE NONE
January 16, 2023 BARRON’S 61

D ATA MARKET LABORATORY B A R R ON S.C OM / D ATA

FrontierInvtA OakValleyBncp ViemedHealthcare Sono FinTechEvolA RelianceSteel TevaPharm WaverleyCap1 A

Week’s FTACEmeraldA
FtacHeraA
OCA Acqn A
ODP
ViridianTherap
ViscogliosiBros
TreasureGlobal
VirginOrbit
FinVolution
Fluor
RenaissanceRe
RocketInternetA
Thermon
Tidewater
WhiteMtnIns
WilliamsRowland

New Highs and FtacParnassusA

FuelTech
OnyxAcqnIA
OrangeCtyBncp
VisionSensingA
VoyagerTherap
VivoPowerIntl
WiSA Tech
FomentoEconMex
FreedomI A
SeacorMarine
ST Ener I A
Timken
Toro
WorldQuantumA
WW Ent

Lows
Gaming&Leisure PanaceaAcqnII VPC Impact II A Zenvia FusionAcqnIIA Schlumberger TortoiseEcoIII A XFinancial
GE HealthCare PathfinderA WeatherfordIntl ZivoBiosci GSquaredIIA SculptorAcqnIA TotalEnergies Xylem
Genasys Paya WelsbachTech Zscaler GSquaredI A SeaDrill TrajectoryAlphaA YPF
NYSE GenesisUnicornA PennsWoodsBncp WillisLease GlobalIndemnity SnapOn TransDigm YumChina
NYSE
GlobalinkInvt PepperLimeA WillisTowers GlobeLife SoJerseyInd Transocean

256 28
NEW LOWS
GoalAcqns PerdoceoEduc Winmark NEW HIGHS GrafAcqnIV StandexInt TristarAcqnI AmpriusTech
GoresIX A PerionNetwork WorldwideWebbA AECOM GraniteConstr StudioCity TritonIntl BaxterIntl
New Highs New Lows GpoFinGalicia Pinduoduo WynnResorts AP Acqn A Greif B SumitomoMits twoA BrandywineRealty
GrAeroportuario PineTechA XPACAcqn ATI Griffon SunlandsTech USA Compression
Nasdaq CityOfficeREIT
GrandCanyonEduc Plexus Xunlei AcropolisInfrA GpoAeroportuar Supernova III A Unifirst D-WaveQuantum

373 116
GreenlightCapRe PlutonianAcqn YottaAcqn AffiliatedMgrs GpoAeroportSur TJX UnitedRentals DesignerBrands
GX Acqn II A PortageFintechA AfricanGoldA GpoSupervielle TailwindIntlA Valaris
NEW LOWS Enviva
H World PoseidaTherap AlamosGold HavertyFurn A
New Highs New Lows AdicetBio TakedaPharm Vipshop KnotOffshore
H&E Equipment Potbelly AlbanyIntl HavertyFurn
AdTheorent Tapestry VishayPrecision L3HarrisTech
NYSE American HennessyCapVI PowellIndustries AltaEquipment HelixEnergy
AltisourcePortf TaylorMorrison VistaEnergy LocalBounti
Hibbett ProfDiversity Hess

12 8
Amedisys AltC Acqn TechnipFMC VitesseEnergy NewYorkCityReit
Hologic ProjectEnReimag AltimarAcqnIIIA Hims&HersHealth
AmVirtualCloud Tecnoglass VivintSmartHome VerticalAerospace
Immunovant PrometheusBio Ametek HowmetAerospace
ArcutisBiotherap TejonRanch WabashNational VitalEnergy
New Highs New Lows
IndlTechII A ProspectorCapA ApolloStratII A IRSA
ArqitQuantum Terex WarburgPincusI-B A VitesseEnergy
Only includes COMMON and REIT stocks InsightEnt Pwr&Digital II A Aramark IberePharmA
Arvinas iHuman
IntelligentMedA Qomolangma ArcosDorados
NYSE American BeiGene InterParfums RainOncology
AscentSolar
AtlisMotor ArctosNorthA
InFinTAcqnA Monthly Dow Jones Industrial Average
Intevac Rambus Ingevity
BetterWorld Biolase AresAcqnA The following table lists the monthly average of the Price/Earnings Ratio and Dividend Yield as reported
NEW HIGHS InsightAcqnA
BioMarinPharm IntlGeneralIns RCI Hospitality BiondVaxPharm BGSF weekly in Barron's Market Laboratory. The change is the difference between the recent month's close
AdamsRes InvestcorpIndiaA ReconTech JattAcqnA and the previous month's close. The high/low range is based upon the closing average for each day during
BioPlusAcqnA Bionomics BancoBBVA the month.
AdaraAcqnA J.Jill
BioXcelTherap Ioneer RedwoodsAcqn CalitheraBiosci Bladex Close Avg
Jabil Year First Closing Closing Last Avg. Avg.
AltisourceAsset BitBrother IridiumComm RevolutionMed BancoMacro Month Closing High Low Mean Close Chg. % Chg. P/E Yield
CatalystBiosci JawsMustangA
AultDisruptive bleuacaciaA ItiquiraAcqnA RF Acqn A BanyanAcqnA 2022
CenturyTherap KensingtonCapAcqnV
CoreMoldingTech BogotaFinl IXAcqnA RhythmPharm Biohaven Dec 34395.01 34429.88 32757.54 33482.26 33147.25 –1442.52 –4.17 21.40 2.06
CerberusCyber KensingtonCapV A
HNR Acqn BowmanConsult JackCreekA RoivantSciences BlackMountainA Nov 32653.20 34589.77 32001.25 33417.96 34589.77 +1856.82 +5.67 21.40 2.02
Cerus LasVegasSands Oct 29490.89 32861.80 29202.88 30570.68 32732.95 +4007.44 +13.95 19.00 2.20
inTEST Broadwind JanuxTherap SageTherap BlackSpadeA
Citizens&Northern LearnCWInvtA Sept 31656.42 32381.34 28725.51 30649.56 28725.51 –2784.92 –8.84 18.14 2.21
RileyExpln ByteAcqnA Jiayin SchultzeSpecII A BlueRiverA Aug 32798.40 34152.01 31510.43 33009.56 31510.43 –1334.70 –4.06 19.72 2.01
ColonyBankcorp LifeTime
CascadiaAcqnA JupiterAcqn ScionTechII A Buckle July 31097.26 32845.13 30630.17 31535.32 32845.13 +2069.70 +6.73 18.43 2.09
NEW LOWS Cronos LiveOakCrestA June 32813.23 33248.28 29888.78 31446.71 30775.43 –2214.69 –6.71 18.03 2.10
CassInfoSys KademSustA SeaportCalibre CrowdStrike BuildAcqnA
AdaraAcqnA LiveOakMobilityA May 33061.50 34061.06 31253.13 32379.46 32990.12 +12.91 +0.04 18.56 2.01
CatalystPharma Kernel SeaportGlblAcqnII Cutera CCNeubergerIII A Apr 34818.27 35160.79 32977.21 34314.99 32977.21 –1701.14 –4.91 19.48 1.89
CamberEnergy LomaNegra Mar 33294.95 35294.19 32632.64 34029.74 34678.35 +785.75 +2.32 19.04 1.89
CatalystPtrsA KhoslaVentures SeniorConnectI A Dave C5AcqnA
NatlHealthcare MinisoGroup Feb 35405.24 35768.06 33131.76 34648.48 33892.60 –1239.26 –3.53 19.40 1.84
CECO Env KhoslaVenturesIII SierraWireless DLH Holdings CNH Indl Jan 36585.06 36799.65 34168.09 35456.15 35131.86 –1206.44 –3.32 21.27 1.79
SplashBeverage M3-Brigade II A
CelldexTherap KismetTwoA Silicom EditasMedicine CTS 2021
M3-BrigadeIII A
Nasdaq ChainBridgeIA KoruMedSys SilkRoadMed Embecta CarpenterTech Dec 34022.04 36488.63 34022.04 35641.33 36338.30 +1854.58 +5.38 22.13 1.78
MagnumOpusA
CidaraTherap LavaMedtech SilverSpikeII A Erasca CatchaInvtA Nov 35913.84 36432.22 34483.72 35848.57 34483.72 –1335.84 –3.73 22.26 1.73
NEW HIGHS ManchesterUnited Oct 34326.46 35819.56 34002.92 35055.52 35819.56 +1975.64 +5.84 23.10 1.75
CorazonV838 A LCattertonA SkywardSpecIns EveloBiosci Caterpillar
360DigiTech MarineProducts Sept 35312.53 35443.82 33843.92 34688.42 33843.92 –1516.81 –4.29 23.63 1.77
CounterPressA LegatoMergerII SlamA ExelaTech CentralPuerto Aug 34838.16 35625.40 34792.67 35243.97 35360.73 +425.26 +1.22 23.85 1.72
7AcqnA MasonIndlTechA
CoyaTherap LegendBiotech SocCapSuvrettaII FirstSavingsFin ChinaSoAirlines July 34633.53 35144.31 33962.04 34798.80 34935.47 +432.96 +1.25 27.09 1.73
7GC A MasTec June 34575.31 34756.39 33290.08 34289.91 34502.51 –26.94 –0.08 29.06 1.76
CresceraCapA LFCapAcqnIIA SocCapSuvrettaIV FirstSeacoastBncp ChurchillVII A
AchariVenturesI MettlerToledo May 34113.23 34777.76 33587.66 34270.31 34529.45 +654.60 +1.93 29.50 1.74
Crocs LibertyBraves A SpringValleyII A FloraGrowth Civeo Apr 33153.21 34200.67 33153.21 33803.29 33874.85 +893.30 +2.71 32.19 1.76
AehrTestSys MitsubishiUFJ
CSP LibertyBraves C SpringwaterSpec FocusUniversal Coca-Cola Femsa MizuhoFin
Mar 31535.51 33171.37 30924.14 32373.29 32981.55 +2049.18 +6.62 34.54 1.83
AetheriumAcqnA LibertyRscsA Starbucks Feb 30211.91 31961.86 30211.91 31283.91 30932.37 +949.75 +3.17 33.10 1.89
CullmanBancorp GeneticTechs ColombierAcqnA ModelN
AgileGrowthA Jan 30223.89 31188.38 29982.62 30821.35 29982.62 –623.86 –2.04 31.03 1.92
CVD Equipment LincolnElectric StrategicEd GlucoTrack Colonnade II A ModineMfg
Agilysys 2020
CymaBayTherap LionheartIII A SustDevtI A GreenwaveTech CommercialMetals MolsonCoorsA
AlbireoPharma Dec 29823.92 30606.48 29823.92 30148.58 30606.48 +967.84 +3.27 29.57 1.96
DadaNexus LIVCapAcqnII A SVF Invt HopeBancorp ComputeHlthA Moog A Nov 26925.05 30046.24 26925.05 29124.04 29638.64 +3137.04 +11.84 28.93 2.02
AlliedMotionTech DecarbPlusIV A LKQ SVF Invt 2 ConagraBrands Oct 27816.90 28837.52 26501.60 28005.11 26501.60 –1280.10 –4.61 26.63 2.11
Hydrofarm NaborsEnerA
AltEnergyA DecipheraPharm LSI Inds SwiftmergeAcqn ConcordAcqnIIA Sept 28645.66 29100.50 26763.13 27733.40 27781.70 –648.35 –2.28 26.00 2.11
JackCreekA NewJerseyRscs Aug 26664.40 28653.87 26664.40 27821.37 28430.05 +2001.73 +7.57 26.97 2.20
AMCIAcqnII DigitalTransA MalaccaStraits SyndaxPharm ConstellationI A
LogicMark NewOrientalEduc July 25734.97 27005.84 25706.09 26385.83 26428.32 +615.44 +2.38 22.84 2.34
AmicusTherap DPCapAcqnIA MarlinTechA Talon1AcqnA CorpAmAirports June 25475.02 27572.44 25015.55 26062.27 25812.88 +429.77 +1.69 21.69 2.47
mCloudTech NewparkResources
AmkorTech DragoneerGrwIII MatthewsIntl TargetGlbl I A CorsairPtrA May 23723.69 25548.27 23247.97 24271.02 25383.11 +1037.39 +4.26 20.22 2.73
MGO Global NineEnergy Apr 20943.51 24633.86 20943.51 23293.90 24345.72 +2428.56 +11.08 18.07 2.86
AmrytPharma DuetAcqnA MedicusSciA TargetHosp CrownPropA
MidatechPharma NorthernGenIII Mar 26703.32 27090.86 18591.93 22637.42 21917.16 –3492.20 –13.74 17.44 2.94
AnthemisDigA EastRscsAcqnA MelcoResorts TaylorDevices MountRainier DCP Midstream Feb 28399.81 29551.42 25409.36 28519.73 25409.36 –2846.67 –10.07 21.95 2.28
NovoNordisk
AppTech EnsignGroup MGO Global TBSA Acqn A MultiMetaVerse Darden Jan 28868.80 29348.10 28256.03 28879.99 28256.03 –282.41 –0.99 21.34 2.21
O-I Glass
Ardelyx EsgenAcqnA MSD Acqn A TenXKeaneAcqn NabrivaTherap DeckersOutdoor 2019
OceaneeringIntl
Arhaus EvergreenA MuscleMaker TexasRoadhouse NeuroSense Dick's Dec 27783.04 28645.26 27502.81 28167.01 28538.44 +487.03 +1.74 20.90 2.24
OilDriAmerica Nov 27347.36 28164.00 27347.36 27797.05 28051.41 +1005.18 +3.72 20.52 2.24
ArogoCapA EVO Payments Nathan's ThunderBridgeIV A Nkarta DirectSellingA Oracle Oct 26573.04 27186.69 26078.62 26736.80 27046.23 +129.40 +0.48 19.29 2.30
ArtesianRscs A ExcelFinAcqnA NatlBankshares TioTechA A NovoIntSci dMYTechVI A OsirisAcqn Sept 26118.02 27219.52 26118.02 26900.21 26916.83 +513.55 +1.95 19.32 2.28
AryaSciencesIV Aug 26583.42 26583.42 25479.42 26058.23 26403.28 –460.99 –1.72 18.78 2.30
FennecPharm NatlInstruments Tiptree OceanPal ESM Acqn A OverseasShip July 26717.43 27359.16 26717.43 27089.19 26864.27 +264.31 +0.99 18.77 2.19
AstraZeneca FeutuneLightA NatlResearch TitanMedical OramedPharm ElliottOppIIA PPL June 24819.78 26753.17 24819.78 26160.10 26599.96 +1784.92 +7.19 18.08 2.24
AsureSoftware FibroGen Neonode TPBAcqnIA P3HealthPartners EmpresaDisCom ProofAcqnIA May 26430.14 26504.95 24815.04 25744.79 24815.04 –1777.87 –6.69 17.71 2.26
AtlasAir Apr 26258.42 26656.39 26143.05 26401.58 26592.91 +664.23 +2.56 18.44 2.20
FifthWallIII A Neovasc TradeUPAcqn PaciraBioSci EnerSys PampaEnergia Mar 26026.32 26026.32 25450.24 25722.62 25928.68 +12.68 +0.05 17.87 2.25
AtlCoastal II A FinnovateAcqnA Neuronetics TreaceMed PaloAltoNtwks Eneti PeridotAcqnIIA Feb 25063.89 26091.95 25053.11 25605.53 25916.00 +916.33 +3.67 17.95 2.25
AtlCoastalA FirstReserveA NewcourtAcqnA Trip.com PLBY Group EVeMobilityA PontemA Jan 23346.24 25014.86 22686.22 24157.80 24999.67 +1672.21 +7.17 19.04 2.35
AtourLifestyle FirstSolar NewVistaAcqnA TwelveSeasII A PlutonianAcqn EverestConsolA PowerSchool 2018
AuroraAcqnA FiveBelow NLS Pharm TZP Strategies A PMV Pharm EverestRe PrestigeCnsHlth Dec 25826.43 25826.43 21792.20 23805.55 23327.46 –2211.00 –8.66 19.54 2.41
AuroraTechA Nov 25380.74 26191.22 24285.95 25258.68 25538.46 +422.70 +1.68 21.12 2.22
Flex NorthAtlAcqnA UltaBeauty Rivian FastAcqnII A PrimeImpactI A Oct 26651.21 26828.39 24442.92 25609.34 25115.76 –1342.55 –5.07 22.45 2.18
AuthenticEquityA FocusImpact NortheastCmBncp UniversePharm RockyMtnChoc Fabrinet Progressive Sept 25952.48 26743.50 25857.07 26232.67 26458.31 +493.49 +1.90 23.76 2.10
AveoPharma ForumMergerIV A NorthViewAcqn UTA Acqn A Sai.TechGlobal FarPeakAcqnA QuantumFin Aug 25333.82 26124.57 25162.41 25629.99 25964.82 +549.63 +2.16 23.16 2.13
July 24307.18 25527.07 24174.82 24978.23 25415.19 +1143.78 +4.71 23.61 2.17
AxcelisTechs FranklinWireless NubiaBrandA VectivBio SHF FederalSignal RCF Acqn A June 24635.21 25322.31 24117.59 24790.11 24271.41 –144.43 –0.59 24.26 2.18
B.RileyPrin250A FrontierAcqnA NVE VectorAcqnIIA SkywardSpecIns FederatedHermes RLI May 24099.05 25013.29 23924.98 24572.53 24415.84 +252.69 +1.05 24.25 2.18
62
O T H E R VO I C E S
Russian Oil Is Rewired
And Charging Ahead
R
ussia was the world’s
largest oil exporter
through most of 2022.
Sanctions mean Rus-
sia is no longer No. 1.
Still, it should com-
fortably remain in
second place by virtue of the fact that
it is willing to sell at a big enough dis-
count to buyers eager to gain eco-
nomic competitiveness.
The global oil market has always
operated under opaque conditions. It
is now entering a whole different ball
game as Moscow looks to maximize
cash flow and Asian buyers deflect
Western criticism to benefit from
“bargain oil.”
Russia sold approximately 4.6 mil-
lion barrels of crude oil and 2.8 mil-
lion barrels of refined products every
day in 2022, marginally ahead of
Saudi Arabia. A European Union ban
on seaborne imports went into effect
on Dec. 5, along with a price cap im-
posed by the G-7. On Feb. 5, the EU
will ban imports of oil products.
The receipts from oil exports
helped boost the value of the Russian
National Welfare Fund, also known as
the budget rainy-day fund, to just un-
der $200 billion at the end of Novem-
ber. That sum should easily cover
Russia’s expected $25 billion budget
deficit this year.
But 2023 might not work out as
Moscow had planned. As a result of
the EU import ban, Russia is expected
to lose between one million and 1.5
million barrels a day of oil exports this
year. Production will also fall by this
amount, cutting average daily oil out-
put from just over 11 million barrels in
2022 to an expected 9.5 million bar-
rels. The actual result could be worse
if Russia is unable to deliver some of
the lost exports to new buyers in Asia.
BARRON’S
By Christopher Delivery infrastructure is Russia’s
Weafer biggest challenge. It has already ac-
cepted that it needs to sell its oil at a
big discount, and buyers in Asian
markets have shown they are eager to
take advantage of the cheap oil. In
January 2022, Urals crude traded at a
mere $1 per barrel discount to Brent
crude. Today that discount has wid-
ened to $31 per barrel.
China and India are now Russia’s
largest crude-oil customers, buying an
average of 1.9 million barrels and 1.3
million barrels a day, respectively, in
November. Maximizing the price at
which oil is sold to Asian markets isn’t
a priority for Moscow. The priority is
to keep production and export vol-
umes as high as possible. Changes to
the oil-tax system are shifting the tax
point from export duties to production
China and India are now Russia’s largest crude-oil
customers. Maximizing the price at which oil is
sold to Asian markets is not a priority for Moscow.
taxes. That means the key factor for
the budget is production. This sub-
stantially reduces operators’ profit
margin as they sell at the discounted
export price but have to pay taxes
based on production. All Russian oil
producers are now effectively nation-
alized and are running their opera-
tions on a marginal-cost basis to gen-
erate cash flow rather than to
maximize profits.
Russia’s oil producers are also no
longer concerned about their share
price. International investors are ex-
cluded from the Russian stock market,
and all Russian oil companies have
withdrawn from foreign stock mar-
kets. All foreign oil majors have either
sold their positions in Russian part-
nerships or are in the process of doing
so. Russian producers are left with
only two key objectives: to maintain as
much oil production as possible and
to pay taxes.
For a sanctioned Russia, this is
acceptable business and very good
politics. To be sure, it is giving up a lot
of potential export earnings because of
the large price discount, but it is earn-
ing enough tax revenue to fund the
revised budget. The government’s
former ambitions to improve infra-
January 16, 2023
structure and diversify the economy
have now been shelved indefinitely.
Neither the budget revision nor
the quasinationalization of the oil
industry causes any major problems
for the Kremlin. There are no social
issues since unemployment is very
low, at 4%, and the budget, even with
lower oil tax receipts, can afford to
provide key industry subsidies.
There is no political opposition, so
there is no criticism of government
actions and very little risk of any in-
ternal instability. It means the gov-
ernment is under no domestic pres-
sure provided people have jobs, are
being paid, and basic social support
continues to operate.
A reported steep fall in export vol-
umes in December isn’t yet a problem,
as buyers stocked up ahead of the ban
and price cap, and tanker operators
waited to see how the price cap would
be enforced. The Kremlin’s assump-
tion is that a 25% to 30% discount on
Urals crude will ensure that buyers
remain in China, India, Turkey, and
other Asian markets.
Russia’s major problem is securing
enough tankers and other export in-
frastructure to deliver European oil to
other markets. There are reports of a
significant number of oil tankers al-
ready having been bought by opaque
Russian companies to carry crude to
Asian markets. By late December,
there were reports of over one million
barrels of Urals crude in tankers ei-
ther showing their destination as the
Port of Suez, after which it will be
changed to an Asian port, or with no
declared destination. Russian, Gulf,
and Asian operators learned the tricks
of the trade during the Iraq oil em-
bargo and from Iran’s experience in
recent years.
Russia will see a big drop in oil-ex-
port receipts for several years at least,
but that is acceptable to the Kremlin.
It will be able to earn enough money
to fund the military and a so-called
Illustration by Doug Chayka
stability budget. And it may find that
cheap oil will improve political rela-
tions with major Asian nations.
Christopher Weafer is chief executive of
Macro-Advisory, a Eurasia-based strategic
consulting company.
 January 16, 2023
MAILBAG
Send letters to Mail@Barrons.com. To be considered for
publication, correspondence must bear the writer’s name,
address, and phone number. Letters are subject to editing.
Real Tech
Or Content
Creators?
To the Editor:
Perhaps it’s best to stop referring to the so-called
FANG stocks as tech companies, but rather as mere
content creators riding the rails that real tech has built
(“Tech’s Bill Comes Due,” Cover Story, Jan. 6).
Real tech still needs people to keep building and main-
taining infrastructure for real goods and services, versus
advertising-driven entertainment that fewer people have
the time, inclination, or cash flow to consume. Real tech
needs engineers, not imagineers, and the U.S. is produc-
ing far fewer of them than is the case in Asia.
W.E. Buckout
On Barrons.com
To the Editor:
Illustration by Dev Valladares
Tech companies are ultimately responsible for their ac-
tions, but the federal government inflated the currency by
40%. That created a situation where there were too many
dollars chasing too few goods. It seems that tech compa-
nies overhired in reaction to too much stimulus.
Thomas Shisler
On Barrons.com
BARRON’S
To the Editor:
I noted with interest that none of the
tech companies cited in your story
that have announced personnel re-
ductions mentioned that the execu-
tives of those companies will reduce
their salaries, bonuses, or stock op-
tion awards to prepandemic levels.
Myra Hershberg
Brick, N.J.
Shutdown Threat
To the Editor:
When I read Randall W. Forsyth’s
remarks about matters more serious
than the House of Representatives
taking 15 ballots to elect Speaker
Kevin McCarthy, I couldn’t help but
remark: “Spot on!” (“The House
Speaker Drama Will Hit the Market
Next. Get Ready for the Debt Ceiling
Battle,” Up & Down Wall Street, Jan.
6). Forsyth affirmed that “cutting the
deficit will only become more nettle-
some from here” with the threat of a
government shutdown in late sum-
mer. As we endeavor to extricate our-
selves from the sword of Damocles
that is a recession, do we really need
to sharpen this blade?
Patty Duffy
Grand Blanc, Mich.
To the Editor:
In his article about the coming battle
over the budget, Forsyth states that
“failing to raise the debt ceiling is like
refusing to pay credit-card bills after
spending on stuff.” That isn’t the
case. Those credit-card bills could be
paid from savings or earnings as an
alternative to raising the level of in-
debtedness. Of course, in the case
of the U.S. government, there are no
savings, thanks to past overindul-
gences, so that alternative isn’t
available.
But there are earnings (called
“taxes”) that can be both utilized and
increased to pay down indebtedness,
and such indebtedness may be re-
duced and need not be enhanced
materially with increased spending
in each budget.
It is symptomatic of the state
of our collective mentality that
Numbers by Barron’s, which breaks down the markets,
is available wherever you listen to podcasts.
those alternatives weren’t even
considered.
Elliot Miller
Naples, Fla.
Un-Cartel-Like
To the Editor:
In “OPEC Is Losing Its Power in
Setting Oil Prices. What It Means for
Stocks” (Jan. 5), Avi Salzman equates
aggressive Strategic Petroleum Re-
serve releases with cartel-like behav-
ior capable of controlling oil prices.
But short-term price suppression
through inventory liquidations
doesn’t exert market control. If any-
thing, it postpones the higher prices
needed to incentivize the substantial
capital investments that eventually
increase wellhead supply and actu-
ally reduce prices.
Moreover, announcing to the
world the oil price at which one plans
to cover a commodity short position
created by a depleted petroleum
reserve is decidedly un-cartel-like.
It is mere speculation.
Bill Weidner
Kennebunkport, Maine
Unconvinced on ARK
To the Editor:
Regarding “ARK’s Cathie Wood Isn’t
Backing Down. She Explains Exactly
Why” (Jan. 6), I have more conviction
that a Cathie Wood genealogy test
would reveal shared DNA with P.T.
Barnum than I have in realizing a
profitable outcome with an ARK
Innovation investment.
Brad Norton
Westlake, Ohio
“Among the winners at CES were
the Las Vegas hotel and casino
companies.”
Joe Hamad, on Barrons.com
63
Reasonably Priced?
To the Editor:
You can sum up this article (“If You
Want Growth, Stick With Quality
Stocks. How to Find Them,” Jan. 6)
with one acronym: GARP, or growth
at a reasonable price.
One critical question: Are the con-
sensus earnings estimates realistic, or
do they need to be ratcheted down?
Also, are the analysts behind the curve
on demand destruction in a world
where capital costs are no longer zero?
If the analysts’ earnings estimates are
off by just 10% to 20%, these are no
longer stocks with good price/earnings-
to-growth, or PEG, ratios, and they no
longer are trading at a reasonable price.
Only time will tell.
Nabil Istafanous
On Barrons.com
CES Beneficiaries
To the Editor:
Among the winners at CES were the
Las Vegas hotel and casino companies
(“EVs, Chips, and the Metaverse: What
We Learned at CES This Year,” Tech
Trader, Jan. 6). Coming events expected
to further boost Las Vegas travel
include a Formula One race, the NCAA
tournament basketball, and the Super
Bowl early in 2024. Occupancy and
gaming revenue have been strong even
prior to these events. Caesars Enter-
tainment is paying down debt and gen-
erating free cash flow, and has a strong
presence on the Las Vegas Strip. On-
line sports wagering should add to the
bottom line, starting in 2023.
Joe Hamad
On Barrons.com
 M W L C 10 11 12 H G R P 4 8 3 F 2 D 6 7 9 0 A I
64 BARRON’S January 16, 2023

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